Economy Tax collection misses target by a wide margin in April-September period Updated : September 19, 2019 07:26 AM IST Of the Rs 5.50 lakh crore tax collections, advance tax rose a tepid 7.3 percent to Rs 2.20 lakh crore from Rs 2.05 crore. Fiscal deficit crossed 77 percent of the annual target in July at Rs 5,47,605 crore, against a target of Rs 7,03,760 crore for the full year. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.