Net direct tax collections decline 1.39% YoY in first quarter
India's net direct tax collections for the first quarter of the financial year 2025–26, up to June 19, stood at ₹4.59 lakh crore marking a decline of 1.39%. The net direct tax collections were ₹4.65 lakh crore during the same period last year. Gross direct tax collections (before refunds) stood at ₹5.45 lakh crore, up 4.86% from last year.