Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 18, 2023

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

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)

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.)

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search