India's Tax Revenue Jumps 23.5% in First Half of Fiscal Year

India's net direct tax collection rises 23.5% to 8.65 trillion rupees ($103.9 billion) in April-Sept compared to same period last year.

Tax collection includes 4.16 trillion rupees in corporate tax and 4.47 trillion rupees in personal income tax.

Gross tax collected before refunds was 9.87 trillion rupees, about 18.3% higher than last year.

Indian government has issued 1.22 trillion rupees in tax refunds so far in current fiscal year.

Increase reflects improved compliance and economic growth.