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of <h1>Government Urges Focus on Boosting Regular Tax Collections Amid Decline; Current Collections at 65.40% of Budget.</h1> The Ministry of Finance, through the Central Board of Direct Taxes, addresses the Principal Chief Commissioner regarding the current status of net direct tax collections for the financial year. As of January 31, 2016, collections reached Rs. 5,21,853 crore, achieving 65.40% of budget estimates with a 10.87% growth rate. However, regular tax collection shows a negative growth rate of -10.44%, compared to 17.25% the previous year. The government expresses concern over this decline, urging a focus on collecting both current and arrear demands to improve the growth rate, particularly in regular tax collections.
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