India's net direct tax collections rise 13% from April 1-Sept 17

Business Recorder reported that India's net direct tax collections climbed 13% from a year earlier, reaching 12.1 trillion rupees ($126.28 billion) over the stretch from April 1 through to September 17. The figures came from a statement issued on Friday by the country's tax department.

Measured on a gross basis, direct tax receipts, which comprise corporate and income tax, rose by more than 15% over the same period to 14.3 trillion rupees ($149.24 billion). The department released both the net and gross measures in that statement, the report added.

Both figures refer to the same April 1 to September 17 window, so the gross and net totals can be read side by side. The report gives headline growth rates for each measure and no further breakdown.