<h1>Indirect Tax Collections Surge 26.7% to Rs. 4.85 Lakh Crore by October 2016, Achieving 62.4% of Budget Estimates.</h1> Indirect tax collections up to October 2016 increased by 26.7% compared to the same period last year, totaling Rs. 4.85 lakh crore. This represents 62.4% of the Budget Estimates for indirect taxes for the fiscal year 2016-17. Central Excise collections rose by 45.4% to Rs. 2.14 lakh crore, Service Tax collections increased by 26.9% to Rs. 1.43 lakh crore, and Customs collections grew by 4.1% to Rs. 1.27 lakh crore, all compared to the corresponding period in the previous financial year.