India’s net direct tax collections rise 9.4% on year in April-Feb

NEW DELHI: India’s net direct tax collections rose 9.4% year-on-year to 19.4 trillion Indian rupees ($213.91 billion) as of February 10, the government said in a statement.

The government collected 22.8 trillion Indian rupees in gross direct taxes during April 1 to February 10, about 4.1% higher than the same period a year earlier, according to a statement by the income tax department. India’s financial year runs from April to March.

Direct tax collections primarily include corporate and income tax. The government issued refunds worth 3.3 trillion rupees during the period.