India's FY26 net direct taxes up 5.12% to ₹23.40L/cr
NewsBytes | May 5, 2026 2:39 AM CST
Gross direct tax collections hit ₹28.12L/cr
Gross collections hit ₹28.12 lakh crore, with fewer refunds this year helping boost the final total.
Corporate taxes jumped thanks to strong company profits, while non-corporate taxes held steady even after rate cuts.
Securities Transaction Tax also climbed 8%, reflecting busy stock market action.
Experts say this steady growth comes from better compliance and a more predictable system, which could help India's economy stay strong in the long run, even if it means less wiggle room for quick fixes.
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