The government today said the direct tax collection had surpassed the Budget Estimate of Rs 3.70 lakh crore for 2009-10.
“It (direct tax collection) is well above the Budget Estimate,” Finance Minister Pranab Mukherjee said here on the sidelines of a function to commemorate the 20th foundation day of the small and medium sector lender, Sidbi.
Direct tax realisation, however, is likely to fall short of the enhanced target of Rs 3.87 lakh crore, mentioned in the revised estimate for 2009-10. Direct taxes include corporate tax, personal income tax and wealth tax.
