India's net direct tax collection stands at Rs 12.92 lakh crore, up 7% yoy, as per government data released on Tuesday. For the period ending November 10, gross collection stood at Rs 15.35 lakh crore after rising by 2.15%.
Total tax refunds during the period declined by 17.72%, amounting to Rs 2.42 lakh crore.
As on November 10, gross corporate tax collection stood at Rs 6.91 lakh crore and refunds stood at Rs 1.54 lakh crore, making the net corporate tax collection Rs 5.37 lakh crore.
The gross non-corporate tax (NCT) that includes taxes paid by individuals, HUFs, Firms, AoPs, BoIs, local authorities and artificial juridical persons, amounted to Rs 8.08 lakh crore with refunds amounting to Rs 88 thousand crore. Thus, the net NCT stood at Rs 7.19 lakh crore.
Source Name : Economic Times