Home Business Net direct tax collection rises 23.5% to Rs 8.65 trn in April-Sept

Net direct tax collection rises 23.5% to Rs 8.65 trn in April-Sept



The Indian government’s net direct tax collections rose 23.5% on the year to 8.65 trillion rupees ($103.9 billion) in April-Sept. 16, it 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 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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sep 18 2023 | 4:48 PM IST



Source link

RELATED ARTICLES

IHC to sell stake in Adani units as part of portfolio rebalancing strategy

BENGALURU (Reuters) - Abu Dhabi conglomerate International Holding Company (IHC) said on Thursday it would sell its stake in India's Adani Green Energy...

These $200 wireless headphones are the best it gets at this price point

Jada Jones/ZDNETThere's a popular saying in the South that goes, "If it ain't broke, don't fix it." Essentially,...

Most Popular

IHC to sell stake in Adani units as part of portfolio rebalancing strategy

BENGALURU (Reuters) - Abu Dhabi conglomerate International Holding Company (IHC) said on Thursday it would sell its stake in India's Adani Green Energy...

These $200 wireless headphones are the best it gets at this price point

Jada Jones/ZDNETThere's a popular saying in the South that goes, "If it ain't broke, don't fix it." Essentially,...

Indian EV charger maker Exicom Tele-Systems files for $48 million IPO

India's Exicom Tele-Systems, which makes electric-vehicle chargers and energy storage systems, has filed for an initial public offering worth 4 billion rupees ($48.1...

Recent Comments