Direct tax collections to touch Rs 3,00,000 cr this year

November 24, 2007

NEW DELHI: Riding on the back of the booming economy and increased tax compliance, the government expects direct tax collections to surpass the Budget target to touch Rs 3,00,000 crore during the current fiscal.

“Direct tax collection figures can touch Rs 3,00,000 crore this fiscal, if the current growth momentum is maintained,” Central Board of Direct Taxes member RS Mathoda said at the Geneva Group International world conference here.

As per the Budget target, direct tax collections were pegged at Rs 2,67,490 crore for this financial year, he said.