The total direct and indirect tax collections at the end of August stood at Rs 5.25 lakh crore, about a third of the Rs 16.26 lakh crore target for 2016-17.
The government is eyeing 12.64 per cent growth from direct tax to Rs 8.47 lakh crore in the current fiscal, and 10.8 per cent growth to Rs 7.79 lakh crore from indirect tax.
Led by robust collections in personal income tax and excise duty, direct tax mop up touched Rs 1.89 lakh crore and indirect tax revenue stood at Rs 3.36 lakh crore during the April-August period.
The gross collection of Corporate Income Tax (CIT) grew at 11.55 per cent, while that under personal income tax (PIT) it was 24.06 per cent over the corresponding period last fiscal.
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After adjusting for refunds, however, the net growth in CIT collections is (-)1.89 per cent while that in PIT collections is 31.76 per cent.
Excise duty collections grew 48.8 per cent in the April- August period to Rs 1.53 lakh crore, while Service Tax recorded an increase of 23.2 per cent at Rs 92,696 crore.
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