Income Tax Department reforms

Net direct tax collections dip 1.39% to Rs 4.59 lakh crore despite 5% rise in gross mop-up; refunds surge 58% – Here’s why – Times of India

June 21, 2025 0

Representative image (Picture credit: ANI) India’s net direct tax collections for the ongoing financial year 2025-26 declined by 1.39 per cent to Rs 4.59 lakh crore as of June 19, mainly due to a sharp surge in refund issuances, according to government data released on Saturday. In the same period last year, net direct tax collections had stood at Rs …