India, Oct. 13 -- India's net direct tax revenue surged 6.33% year-on-year to ?11.89 lakh crore in the current fiscal, driven by stronger corporate tax collections and a decline in refund issuances, according to official data.
Refunds fell 16% to Rs 2.03 lakh crore between April 1 and October 12, 2025, while net corporate tax collections rose to Rs 5.02 lakh crore, compared to Rs 4.92 lakh crore in the same period last year.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....