Tax collection increased by 7% but refunds decreased by 17.7%: ₹12.92 lakh crore net collection in April-October; Indication of better earnings in salaried and small business
New Delhi37 minutes ago copy link Net direct tax collection in the first seven months of financial year 2025-26 has been ₹12.92 lakh crore. This is 7% more than ₹ 12.07 lakh crore of the same period last year. But refunds declined by 17.7% to ₹2.42 lakh crore. Both personal income tax (salaried and individuals)…