Government to stick to Rs 33.61 lakh crore tax collection target in revised estimate

The government is likely to stick to the budgeted estimate of total tax collection target of Rs 33.61 lakh. crore for current fiscal in the revised estimates, a senior finance ministry official said on Monday.

“So far, direct tax collection is up by about 20 per cent and indirect tax is higher by 5 per cent. We have data till the eight months of the fiscal and usually the collections are better in the first half. So, at the moment , we will stick to the Budget numbers in our Revised Estimates (RE),” an official said.

For 2023-24 (April-March), the Union Budget had pegged total tax collections at Rs 33.61 lakh crore, up 10.1 per cent from Rs 30.54 lakh crore in the previous year.

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