India’s net direct tax collection rises over 16% y/y in April-December

NEW DELHI (Reuters) – The Indian government’s net direct tax collection grew over 16% year on year to 15.8 trillion rupees ($186.07 billion) during the period April 1-Dec. 17, according to a government statement.

Direct taxes, which include corporate and personal tax, grew over 20% to 19.2 trillion rupees on a gross basis during the period, the statement issued by the income tax department said.

The government said it had issued tax refunds worth 3.4 trillion rupees.

($1 = 84.9130 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Christina Fincher)

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