India’s net direct tax collections surged by 9.18% to exceed Rs 10.82 lakh crore, propelled by increased corporate advance tax payments. However, refunds witnessed a 24% decline to Rs 1.61 lakh crore. The government aims for Rs 25.20 lakh crore in direct tax collection for FY26, marking a 12.7% increase.India’s net direct tax collections surged by 9.18% to exceed Rs 10.82 lakh crore, propelled by increased corporate advance tax payments. However, refunds witnessed a 24% decline to Rs 1.61 lakh crore. The government aims for Rs 25.20 lakh crore in direct tax collection for FY26, marking a 12.7% increase.
