New Delhi, Nov. 17 -- The Income Tax department is engaging with taxpayers to encourage voluntary compliance wherever gaps are detected in tax returns and is hopeful of meeting its direct-tax collection target by the end of the financial year, Central Board of Direct Taxes (CBDT) chairman Ravi Agrawal said on Monday. The department is holding outreach programmes to encourage voluntary compliance, he added.

Direct tax revenue, after adjusting for refunds, grew at 7% annually over 1 April to 10 November this year to Rs.12.9 trillion - a notch above half of the Rs.25.2 trillion direct-tax collection target for the financial year. Meeting this target will require 16% annual growth from the Rs.21.69 trillion collected in FY25, as per actual c...