India’s net direct tax collection declined 1.34% in FY 2025-26 till July 10; refunds see 38% jump
India’s net direct tax collection declined by 1.34 per cent year-on-year, amounting to Rs 5,62,827 crore in the current financial year up to July 10, 2025, according to data released by the Income Tax Department on Friday. Gross direct tax collections rose by 3.17 per cent to Rs 6,64,807 crore during the period from April 1 to…