Government's tax collections grow 18% to â¹17.10 lakh crore
The Central government's tax collections grew 18% during the financial year 2016-17 to â¹17.10 lakh crore, the Finance Ministry said on Tuesday. While direct tax collections grew by 14.2% to â¹8.47 lakh crore, the indirect tax collections stood at â¹8.63 lakh crore. In his Budget for 2017-18, Finance Minister Arun Jaitley had revised the tax target to â¹16.97 lakh crore.