Government collects Rs 9.5 lakh crore in taxes during April-December

NEW DELHI: The government has collected Rs 9.5 lakh crore in taxes during the April-December period of 2015-16, which is 66 per cent of the budget estimates (BE).

The government in the budget for 2015-16 pegged tax collection (direct and indirect) at Rs 14.45 lakh crore.

"The total tax revenue collected up to December this year is Rs 9.5 lakh crore, 66 per cent of the Budget Estimates," Revenue Secretary Hasmukh Adhia tweeted.

The government had budgeted to collect Rs 7.97 lakh crore from direct taxes and Rs 6.47 lakh crore in indirect taxes in the current fiscal.

Adhia said that the government collected Rs 2,428 crore in taxes under the black money disclosure window.

"The amount collected under black money disclosure is Rs 2,428 crore (97 per cent of amount due) by December 31, which was the last date of payment," Adhia said.

The three-month black money compliance window which ended on September 30, 2015, had brought to books illegal wealth stashed abroad worth Rs 4,164 crore. Taxes worth Rs 2,428 crore have been recovered from these disclosures.