The direct tax collection of India stood at Rs 3.37 lakh crore during the fiscal year 2008-09 against Rs 3.12 lakh crore in financial year of 2007-08, a top revenue official said on Monday.
"The tax collection was, however, short of budgetary estimates of Rs.3.45 lakh crore. Similarly, the indirect tax collection was Rs 2.65 lakh crore as against Rs 2.81 lakh crore in previous year, Secretary, Department of Revenue, New Delhi, P V Bhide said.
The target for direct tax collection was revised down from budget estimates of Rs 3.65 lakh crore for 2008-09. However, the actual collections were 8 per cent up over Rs 3.12 lakh crore in 2007-08.
Indirect tax collections stood at Rs 2.65 lakh crore against revised target of Rs 2.81 lakh crore for 2008-09. The indirect tax collections were also revised downwards from Rs 3.21 lakh crore in the budget estimates.
The actual collections for indirect taxes were lower than Rs 2.81 lakh crore realized in 2007-08.
"The tax collection was, however, short of budgetary estimates of Rs.3.45 lakh crore. Similarly, the indirect tax collection was Rs 2.65 lakh crore as against Rs 2.81 lakh crore in previous year, Secretary, Department of Revenue, New Delhi, P V Bhide said.
The target for direct tax collection was revised down from budget estimates of Rs 3.65 lakh crore for 2008-09. However, the actual collections were 8 per cent up over Rs 3.12 lakh crore in 2007-08.
Indirect tax collections stood at Rs 2.65 lakh crore against revised target of Rs 2.81 lakh crore for 2008-09. The indirect tax collections were also revised downwards from Rs 3.21 lakh crore in the budget estimates.
The actual collections for indirect taxes were lower than Rs 2.81 lakh crore realized in 2007-08.
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