New Delhi, Nov. 12 -- The union government's direct-tax collection has grown by 15.41%, after tax refunds, to Rs.12.1 trillion so far this financial year, the Central Board of Direct Taxes (CBDT) said on Monday.
The tax department issued Rs.2.91 trillion in refunds during the period, a 53% increase from the same period a year ago. Gross direct tax collection before adjusting for refunds grew 21.2% to Rs.15 trillion in the 1 April to 11 November period.
Corporate tax collection after adjusting for refunds stood at Rs.5.1 trillion over this period, up from Rs.4.79 trillion in the same period a year ago.
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The government received non-corporate tax revenue, ...
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