India's net direct tax collections rise 13.2% from April 1 to October 14
India's net direct tax collections rose 13.2% year on year to 13.38 trillion rupees between April 1 and October 14, the tax department said.
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what happened
India's net direct tax collections climbed 13.2% year on year to 13.38 trillion rupees ($140.9 billion) for the period from April 1 to October 14, according to a statement the country's tax department issued on Thursday.
Gross direct tax collections, which include corporate and income taxes, grew 14.9% annually to 16.03 trillion rupees over the same span, the department reported. The exchange rate used was $1 = 94.9625 Indian rupees.
why it matters
For markets, such figures serve as an indicator of the strength of India's budget revenues. Investors often factor this kind of data into their assessment of the country's fiscal position and the rupee.
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- India's net direct tax collections rise 13.2% during April 1-October 14 — Newsmetry API, 15 October 2026 at 07:48 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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