You are here: Home » Economy & Policy » News
Business Standard

Direct tax collection at 67% of budget estimate as of December 18

The government had last financial year exceeded the direct tax collection target set in the Budget

Direct Tax Collections

Press Trust of India  |  New Delhi 

direct tax collection

The government has achieved nearly 67 per cent of the direct tax collection target for the current financial year, Parliament was informed on Friday.

As against the budget estimate (BE) of Rs 9.80 lakh crore, the government has collected nearly Rs 6.49 lakh crore as direct taxes till December 18. This is 67 per cent of the BE.

In a written reply to a question in the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said the growth rate of direct tax collection in the 2017-18 financial year is 16.6 per cent as against the target rate of 15.32 per cent.

The government had last financial year exceeded the direct tax collection target set in the Budget.

It had collected over Rs 8.49 lakh crore against the budget estimate of Rs 8.47 lakh crore.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, December 29 2017. 20:48 IST