India government direct tax collections rise 11% in April-June

The Indian government said on Sunday that its net direct tax receipts rose 11% year-on-year to 3.80 trillion Indian rupees ($46.39 billion) from April 1-June 17.

Tax receipts include tax paid by corporates of 1.57 trillion rupees and personal income tax of Rs 2.22 trillion rupees, a Ministry of Finance statement said.

The Indian government's direct tax receipts target for 2023/24 has been set at 18.2 trillion rupees. ($1 = 81.9100 Indian rupees)