Tax Collection Target Likely To Exceed Rs 17 Lakh Crore: Arun Jaitley

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New Delhi: Finance minister Arun Jaitley on Wednesday said he expected the country to exceed the upwardly revised tax collection target of Rs. 17 lakh crore in the 2016/17 fiscal year that ends on March 31.

Net tax receipts in the first 10 months of 2016/17 fiscal year were Rs. 8.16 lakh crore, government data showed last month.

The federal government’s tax receipts usually rise in the last two months of the fiscal year