Government gets Rs.17.1 lakh crore in its kitty Tax collections at Rs 17.1 lakh crore for 201617 exceeded the Revised Estimates (RE) of ~16.97 lakh crore by 0.8 per cent, official figures showed on Tuesday.Corporate tax and excise duty collections fell short of RE, which implies that industrial recovery could be prolonged.The tax collection figures in 201617 were 18 per cent higher than the previous fiscal year´s figures and the highest growth in the past six years, according to Revenue Secretary Hasmukh Adhia. With these tax numbers coupled with a spurt in dis investment proceeds in March, the Centre will be able to rein in its fiscal deficit at 3.5 per cent of the country´s gross domestic product (GDP), as budgeted despite figures till February exceeding the targeted 13 per cent, said Devendra Pant, chief economist, India Ratings.Direct tax collections were ~8.47 lakh crore, same as in the RE, and 14.2 per cent higher than in the previous year. Indirect tax collections were Rs 8.