Net direct tax collection grows 23.5% to ₹ 8.65 lakh crore so far

The government has issued tax refunds during the current financial year (representative)

New Delhi:

Direct tax collections rose 23.5% y-o-y to 8.65 trillion rupees ($103.9 billion) in Apr-16. September, 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, the finance ministry statement said. The specified corporate and personal tax that was collected in 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)

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

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