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Budget Collection

Income Tax - FTS No.92812/2016-Ch(DT) - Dated:- 5-2-2016 - FTS No.92812/2016-Ch(DT) GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES New Delhi, 05 February , 2016 To, Dear Principal Chief Commissioner Sub: A .....

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. In the area of net direct tax collections, the present growth rate is not encouraging if compared with the preceding Financial Year. The net collections as on 31st January, 2016 stand at ₹ 5,21,853 crore indicating achievement of 65.40% of bu .....

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f the year. The main cause of concern in this regard is the decline in the regular tax collection which is showing a negative growth rate of (-)10.44% as compared to the corresponding growth of 17.25% last year. This suggests that either regular dema .....

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;The gross collection grew only by 8.13%. Chairman, CBDT needs to ask all Commissioners to achieve their target." Whereas the scope of increasing collections under the minor heads of advance tax and self-assessment tax is rather limited, there i .....

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