India’s net direct tax collections rise over 9% y/y in April-Sep

(Reuters) -India’s net direct tax collections rose over 9% year-on-year to 10.8 trillion rupees from April 1 to Sept 17, the government said on Thursday.

Direct taxes, which include corporate and personal tax, rose over 3% year-on-year to 12.4 trillion rupees on a gross basis during the period, the statement from the income tax department said.

The government said it had issued tax refunds worth 1.6 trillion rupees during the period, 24% lower than last year.

(Reporting by Nikunj Ohri, Editing by Louise Heavens)

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