CBDT to concentrate on big corporates and salaried employees to achieve target Read more: CBDT to concentrate on big corporates and salaried employees to achieve target

With direct tax collection target of Rs 5.85 lakh crore  looking difficult to meet,the Central Board of Direct Taxes (CBDT) on Monday said it will concentrate on big corporates and salaried employees to mop up the revenue.There is a concern… IIP and GDP are down.It will be difficult to achieve budget estimate, CBDT Chairman M C Joshi said.He,however,said the department was working hard to achieve the target given to it in the Budget.We will monitor tax deducted at source (TDS) and concentrate on bigger assessees, he said. The economic growth slowed to 6.9% in the second quarter against 8.4% in the same period last year.The industrial growth is slowing and in October the factor output measured on IIP shrunk by 5.1%.The CBDT chief said,as on December 17,the direct tax collection has been Rs 3.16 lakh crore.