FY16 direct tax target missed by ₹18k cr: Report
The direct tax collection in India for 2015-16 has fallen short of the revised target of ₹7.52 lakh crore by about ₹18,000 crore, The Indian Express reported. The collection of ₹7.34 lakh crore was up 5% from 2014-15, a tax official said. Earlier, the government had reduced the tax target for the fiscal by nearly ₹46,000 crore. 