In what is seen as a revival of economic activity in the country, tax collections, particularly the mop-up from Customs duty on machinery and service tax, posted a sharp jump in the first 10 months of this fiscal.For the first time in five years, the government is likely to meet the Rs. 14.49-lakh crore tax collection target for 2015-16 with robust indirect tax mop-up making up for the shortfall in direct levies. The Centre’s total tax collection touched Rs. 10.66-lakh crore between April 2015 and January 2016, which amounts to 73.5 per cent of the full-year target.

Source - http://www.thehindubusinessline.com