India will meet Rs 7 lakh crore income tax target this fiscal

India will meet its projected target of collecting Rs 7 lakh crore in income tax in the ongoing 2014-15 fiscal, an income tax official said on Monday.

“I am sure we will meet this target of collecting Rs.7 lakh crore in income tax by the end of the fiscal,” principal chief commissioner for West Bengal and Sikkim C.L. Denzongpa told IANS on the sidelines of a CII organised event.

Denzongpa said it was estimated that the income tax collection from West Bengal and Sikkim would Rs.31, 500 crore in 2014-15.

“Out of this, Rs.29, 000 crore has already been collected till February 2015,” he said.