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India’s financial year runs from April to March. (Representative Image)
The Indian government’s net direct tax collection rose 21% year on year to Rs 4.63 trillion ($55.52 billion) from April 1 to June 17, it said in a statement on Tuesday.
On a gross basis, tax collection before refunds grew more than 22% year on year to Rs 5.16 trillion, the statement said.
The government has issued tax refunds of Rs 5,33,000 crore in the current financial year that started on April 1, up to June 17, 2024, it added. India’s financial year runs from April to March.
(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: Jun 18 2024 | 6:36 PM IST
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