Direct Tax Collections Grow 7% YoY; Refunds Down 18% in FY 2025-26
India’s direct tax collections for FY 2025-26 have shown a steady year-on-year (YoY) growth of 7%, signaling strong revenue performance driven by higher corporate profitability and rising personal income levels. However, the 18% decline in refunds has caught attention, suggesting tighter scrutiny and faster processing of genuine tax dues by the Income Tax Department. Strong … Read more