Net direct tax collection rises 15.4% to Rs 12.1 trn in April-Nov

The Indian government's net direct tax collection grew 15.4 per cent year on year to Rs 12.1 trillion ($143 billion) during the period April 1-Nov. 10, according to a statement.

Direct taxes, which include corporate and personal tax, grew over 21 per cent to Rs 15 trillion on a gross basis during the period, the statement issued by the income tax department said.

The government said it had issued tax refunds of Rs 2.9 trillion.