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Net direct tax collection grows 12% in Apr-Jan

Net direct tax collection grew by 12.49 percent to over Rs 3.90 lakh crore in the April-January period, less than the budgeted annual target of 15 percent, reflecting the impact of slowdown.

Beef up efforts to meet revenue target: FM to tax officials

Apprehending slippages in tax collection, Finance Minister P Chidambaram on Tuesday asked revenue officials to beef up efforts to achieve the budgeted target in the remaining period of the current fiscal.

Direct Tax collection at Rs 4.93 lakh crore in 2011-12

The government on Tuesday said it has collected over Rs 4.93 lakh crore as per provisional estimates from direct taxes during the 2011-12 fiscal, as against a revised estimate of Rs 5 lakh crore.