Govt confident of achieving tax collection targets

New Delhi, Dec 16 (PTI) With economic growth showing impressive resilience, the government today said it is confident of reaching its tax collection targets, both in the direct and indirect tax segments.

"As things stand now, we will definitely reach the target," Central Board of Direct Taxes (CBDT) Chairman S S N Moorthy told reporters here.

Overall, the government had fixed a revenue target of Rs 7.45 lakh crore, including indirect taxes, for the current fiscal, which is about 19 per cent higher than last fiscal.

According to official figures, the net direct tax collection surged by 17.85 per cent to Rs 2.16 lakh crore during April-November this year compared to the same period last fiscal, thereby crossing the 50 per cent of the full year target.

During April-November 2009, net direct tax collection had stood at Rs 1.83 lakh crore.