SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. Tax collection likely to exceed set target during FY15: Finance Minister

Tax collection likely to exceed set target during FY15: Finance Minister

22 Jul 2014 Evaluate

Finance Minister Arun Jaitley has exuded confidence that tax collection would exceed the set target during the current fiscal. The government estimates to garner Rs 13.64 lakh crore from both direct and indirect tax collection during the current fiscal. In the previous fiscal year, tax collection fell short of target by a whopping Rs 77,000 crore as the government collected Rs 11.58 lakh crore against the budget estimate of Rs 12.35 lakh crore.

Tax collection is the major source of revenue for the government. Finance Minister has promised a non-adversarial, nonintrusive and transparent tax regime, however added that the government will deal with firmly with those people who evade taxes. Minister also added that credibility is the greatest asset of income tax department and therefore highest standards of ethics are expected from officers of the department. Finance Minister also asked the income tax official to go all out to unearth black money in the country. On the other hand, the income-tax department has also drawn up a plan to widen the tax base by going after non-filers, using annual information returns, capturing new information sources such as under-reporting of immovable property and buyback of shares.

India’s fiscal deficit narrowed to 4.5% of GDP in the financial year 14, as compared to 4.89% of GDP in the FY13. The government has set fiscal deficit target at 4.1% of GDP in the current fiscal.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×