India’s Net Direct Tax Collections Surge 9.18% to ₹10.82 Lakh Crore Amid Sharp Drop in Refunds

India’s direct tax kitty has recorded a robust 9.18% year-on-year growth, with net collections reaching ₹10.82 lakh crore as of September 17, 2025. The surge is largely attributed to a significant reduction in refunds issued by the Income Tax Department, which fell by nearly 24% compared to the same period last fiscal. According to data…

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