<p> With over 73 per cent of its revenue target collected by February, the Income Tax department is hopeful of achieving a full kitty of direct tax collection of Rs 6.36 lakh crore by the end of this financial year on March 31.<br /><br /></p>.<p>The department, according to official data, has made a gross collection of Rs 5,44,891 crore which, after refunds, comes to a net collection of Rs 4,65,998 crore. The latter figure represents 73.23 per cent of the total budget target of Rs 6,36,318 crore.<br /><br />“The department is very hopeful of achieving the budget target with the last instalment of advance taxes and contributions made by targeted non-filers coming in by March 31,” a top I-T department official said. <br /><br />The department is pinning its hopes on potential non-filers as it had recently issued letters to 21.75 lakh such assessees across the country. Through this, the I-T department collected over Rs 1,900 crore in taxes with more than five lakh returns having been filed under the category. <br /><br />An estimated 1.50 lakh self-assessment tax defaulters were detected during the 2013-14.</p>
<p> With over 73 per cent of its revenue target collected by February, the Income Tax department is hopeful of achieving a full kitty of direct tax collection of Rs 6.36 lakh crore by the end of this financial year on March 31.<br /><br /></p>.<p>The department, according to official data, has made a gross collection of Rs 5,44,891 crore which, after refunds, comes to a net collection of Rs 4,65,998 crore. The latter figure represents 73.23 per cent of the total budget target of Rs 6,36,318 crore.<br /><br />“The department is very hopeful of achieving the budget target with the last instalment of advance taxes and contributions made by targeted non-filers coming in by March 31,” a top I-T department official said. <br /><br />The department is pinning its hopes on potential non-filers as it had recently issued letters to 21.75 lakh such assessees across the country. Through this, the I-T department collected over Rs 1,900 crore in taxes with more than five lakh returns having been filed under the category. <br /><br />An estimated 1.50 lakh self-assessment tax defaulters were detected during the 2013-14.</p>