CBDT Chairman Sushil Chandra has said that Government may exceed Rs 11.5 lakh crore direct tax collection target in current fiscal.

In 2018-19 budget, the government had projected a 14.3 per cent rise in direct tax collections to Rs 11.5 lakh crore.

"We certainly hope to cross the Rs 11.5 lakh crore direct tax collection target for the current fiscal," Chandra told the media.

However, Controller General of Accounts data showed, the direct tax collections grew a paltry 4.2 per cent on year to Rs 1.54 lakh crore in April-June. Chandra said total tax refund so far in the current financial year stands at about Rs 95,000 crore.

As per reports, this year, the government conducted a special drive during June 1-30 to expeditiously clear pending direct tax refunds.