Direct Tax collections marginally short of target in 2014-15

Direct tax collections touched Rs 6,96,200 crore during 2014-15 despite difficulties on the economic front, marginally falling short of the target.

Officials said the Income Tax department, which collects a variety of taxes including personal and corporate taxes, mopped up approximately Rs 6,96,200 crore in the fiscal ending March 31, 2015.

The collections have been very close to the target despite a huge tide of economic slump. The collections fell short by only a minuscule 1.26 per cent and not 14 per cent as reported earlier.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s