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Govt to stick to Rs 33.61 lakh crore tax collection target in revised estimate, no case for fuel tax cut: Official

IndiaTimes Monday, 11 December 2023
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. Direct tax collection is up by about 20 per cent and indirect tax is higher by 5 per cent. For 2023-24, the Union Budget had pegged total tax collections at Rs 33.61 lakh crore. In the current fiscal, Rs 18.23 lakh crore is expected to be collected in direct taxes and Rs 15.38 lakh crore from indirect taxes.
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