During the first half (July-November) of this fiscal year, The Federal Board of Revenue (FBR) has achieved its 5-month target with a total tax collection of Rs.1.686 trillion.
The Federal Board of Revenue (FBR)’s tax collection in November stood at Rs346 billion, falling short of the set target of Rs348 billion.
The FBR recorded more than 3% year-on-year growth from Rs.335 billion collected in the same month last year.
The FBR collected Rs1.686 trillion during July-November exceeding the projected target of Rs1.669 trillion by Rs.17billion.
The Income tax collection stood at Rs.109 billion as against the projected target of Rs.130 billion in the month under review.
Sales tax collection increased 14% to Rs.173 billion in November from Rs.152 billion in the same month last year.
The federal excise duty (FED) collection fell by 18% to Rs.23 billion as against Rs. 27 billion projected target.
Customs collection rose by 4% to Rs.57 billion as against the set target of Rs.49 billion.
The Federal Board of Revenue (FBR) was able to amass a revenue of Rs.1004 billion (Rs1.004 trillion) in the first quarter of the current fiscal year, exceeding the projected target of Rs970 billion.
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