Home Business Net Direct Tax Collection Grows 23.5% To ₹8.65 Lakh Crore April To September 16

Net Direct Tax Collection Grows 23.5% To ₹8.65 Lakh Crore April To September 16

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Net Direct Tax Collection Grows 23.5% To ₹8.65 Lakh Crore April To September 16

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Net Direct Tax Collection Grows 23.5% To ?8.65 Lakh Crore So Far

The government has issued tax refunds during the current fiscal year (Representational)

New Delhi:

The net direct tax collections rose 23.5% on the year to 8.65 trillion rupees ($103.9 billion) in April-September 16, the government said on Monday.

The tax collection includes corporate tax of 4.16 trillion rupees and personal income tax of 4.47 trillion rupees, said the statement from the Ministry of Finance. It did specify corporate and personal tax collected during the same period last year.

Gross tax collected, before adjusting refunds, was 9.87 trillion rupees, about 18.3% higher than last year.

The government has issued tax refunds worth 1.22 trillion rupees during the current fiscal year that started on April 1.

($1 = 83.2886 Indian rupees)

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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