Direct tax collections up 4.86 percent in FY26 so far net collections slip due to higher refunds
India’s gross direct tax collections for the financial year 2025-26 rose by 4.86 per cent to approximately Rs 5.45 lakh crore as of June 19, as per data released by the Income Tax Department. This marks an increase from Rs 5.19 lakh crore collected during the same period in the previous fiscal. However, net direct…