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India's April-November net direct tax mop up rises 14.7 percent to $77.8 billion

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's direct tax collection grew 14.7 percent from a year earlier to 5.51 trillion rupees ($77.77 billion) during April to November, the finance ministry said in a statement on Monday.

Citing provisional figures, the ministry said net direct tax collections in the first eight months of this fiscal year ending in March 2019 represent 48 percent of the total budgeted estimates for the 2018/19 fiscal year.

($1 = 70.8500 rupees)

(Reporting by Nidhi Verma; Editing by Malini Menon)

 

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First Published: Dec 10 2018 | 12:30 PM IST

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