India's net direct tax collection rises 18% to Rs 10.03 trillion

The growth was the fastest in seven fiscal years

International Financial Services Centre, IFSC,  dividend distribution tax ,DDT,tax issues, PwC India, IFSC investors,Union Budget
Illustration by Ajay Mohanty
Reuters New Delhi
Last Updated : May 23 2018 | 8:09 PM IST

India's net direct tax collection in 2017/18 stood at Rs 10.03 trillion, up 18 percent on year, the finance ministry said on Wednesday.

The growth was the fastest in seven fiscal years.

Last month, a finance ministry official had said the country's direct tax mop-up had exceeded the budget target.

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First Published: May 23 2018 | 8:09 PM IST

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