Indian Finance Minister Arun Jaitley addresses a delegation while speaking on the Goods and Services Tax (GST) issues during the Vibrant Gujarat investor summit in Gandhinagar, India January 11, 2017. REUTERS/Amit Dave

NEW DELHI (Reuters) - India’s finance minister Arun Jaitley on Wednesday said he expected the country to exceed the upwardly revised tax collection target of 17 trillion rupees ($260 billion) in the 2016/17 fiscal year that ends on March 31.

Net tax receipts in the first 10 months of 2016/17 fiscal year were 8.16 trillion rupees, government data showed last month.

The federal government’s tax receipts usually rise in the last two months of the fiscal year.