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  • Reuters

    India's direct tax collection rises 16% y/y in April-Sept, government says

    By Reuters,

    8 days ago
    https://img.particlenews.com/image.php?url=3Z3yab_0vb0kAnQ00

    (Reuters) - The Indian government's net direct tax collection rose 16% year-on-year to 9.96 trillion rupees ($119.07 billion) during April 1 to Sep 17, it said in a statement on Wednesday.

    Direct tax, which primarily includes income and corporate tax, was 12 trillion rupees on gross basis, or more than 21% higher year-on-year, the statement said.

    Tax refunds worth 2.05 trillion rupees were issued during the same period, it said.

    ($1 = 83.6500 Indian rupees)

    (Reporting by Mrinmay Dey and Nikunj Ohri)

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