Net direct tax collection grows 18% to Rs 11.25 trillion: Govt data

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Net direct tax collection grew 18.3 per cent to about Rs 11.25 lakh crore as of October 10 this fiscal, government data showed on Friday.

The income tax department had collected Rs 9.51 lakh crore during the same period a year ago.Refunds worth Rs 2.31 lakh crore were issued between April 1 and October 10, a growth of 46 per cent.

On a gross basis, direct tax collection grew 22.3 per cent to Rs 13.57 lakh crore.

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Category: BusinessFinance

Markets: India

Topics: Direct tax Net direct tax collection Indian Economy Corporate tax collection

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 19:35:01 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 272 words

Reading Time: 2 minutes read

Sentences: 14 lines

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News ID: 22998096

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