Net direct tax collection grows 23% to ₹8.11 lakh cr on slower refunds, higher non-corp taxes
Net direct tax collection increased 23% to ₹8.11 lakh crore as of August 10, driven by higher non-corporate taxes and slower refund growth. Refunds grew only 3.8% year-on-year, totaling ₹1.43 lakh crore. This trend indicates a shift in tax collection dynamics, impacting fiscal strategies moving forward.