ISLAMABAD - The Federal Board of Revenue has collected some Rs 495 billion during the first four months (July-October) of the ongoing financial year 2011-2012, it has learnt on Wednesday. The Federal Board of Revenue has provisionally collected Rs 495 billion during first four months (July-October) of 2011-12 against Rs 397.043 billion in the corresponding period last fiscal year. However, these figures are not final one, said an official of FBR, while talking to The Nation. He was of the view that final tax collection could reach to Rs 505 billion in next few days, as revenue collection of far-flung areas are still in the pipeline, he added. Meanwhile, FBR has collected some Rs 120 billion only in the month of October 2011 against the target of Rs132 billion for the same month, leaving a shortfall of Rs12 billion. But, the FBR sources believed that this shortfall would further decrease with the passage of coming few days when final collection took place. It might be mentioned here that FBR had already completed the revenue collection target during the first quarter (July-September) of the ongoing fiscal year mainly due to the steps taken in March 2011 by eliminating tax exemptions on several sectors. The high ups of the FBR believed that they would reach the annual tax collection target of Rs 1952 billion at the end of June 2012 with the fact that it is a challenging target. The break-up of Rs 495 billion revealed that FBR has collected Rs 240.16 billion during first four months of 2011-12 as Sales Tax, Rs 160 billion as direct taxes collection, Rs 38 billion as Federal Excise Duty (FED) and Rs 57.020 billion is collected as customs duty during the first four months (July-October) of 2011-12. Meanwhile, the monthly break-up of revenue collection in October 2011 revealed that direct taxes collection was Rs 36.6 billion, sales tax collection was Rs 59.75 billion, FED was Rs 9.2 billion and customs duty collection stood at Rs 14.5billion during October 2011. IMRAN ALI KUNDI