India's direct tax collections rise 24% y/y in April-Aug, government says

A labourer carries a sack at a wholesale market in the old quarters of Delhi·Reuters
Reuters

NEW DELHI (Reuters) - The Indian government's gross direct tax collections for April 1 to Aug. 11 rose 24% from the previous year to 8.13 trillion rupees ($96.87 billion), a government statement said on Monday.

Net direct tax collections, after adjusting for refunds, was 6.93 trillion rupees during the period, about 22.5% higher than last year, the statement said.

($1 = 83.9250 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Varun H K)