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Direct tax collection up 21% to Rs 1,80,000 crore till mid-Jul FY18

The govt aims to collect Rs 9.8 lakh cr through direct taxes in 2017-18

Press Trust of India  |  New Delhi 

Representative image of income tax returns
Representative image of income tax returns

The has collected over Rs 1.80 lakh crore in direct till July 15 in the current fiscal, an increase of 21.4 pre cent year-on-year, "belying" fears of slowdown in economic activities.

"The current is higher than the target rate of 15.32 required to achieve the Budget Estimate," Minister of State for Santosh Kumar Gangwar said in a written reply in the

The aims to collect Rs 9.8 lakh crore through in 2017-18.

The minister further said the current in direct collections is "quite healthy, belying any apprehension of reduction" in the level of economic or commercial activities.

He said the has taken several initiatives to boost economic activity in the country and several measures were announced in the Budget 2017-18.

Replying to another question, Gangwar said the number of crimes pertaining to credit card, ATM, and shows a marginal increase of 4.4 per cent from 13,083 in 2014-15 to 13,653 in 2016-17.

He said the Reserve Bank has mandated banks to put in place a board approved cyber-security policy, which covers the risks threats and the measures to address these risks.

First Published: Tue, August 01 2017. 20:44 IST