Direct tax collection falls short by 14% in 2014-15
i. The direct tax collection by the government during 2014-15 fell short of the target by about 14 per cent with Rs. 6,96,200 crore revenue coming to its kitty.
ii. The Income Tax Department which collects a variety of taxes like Income Tax and Corporate Tax collected approximately Rs. 6,96,200 crore in the fiscal ending March 31, 2015.
iii. The achieved collections are about Rs. 9,000 crore less or 14 per cent short of the projected target of Rs. 7,05,000 crore.