Net direct tax dips 1.3% in Q1, but India stays on target
Net direct tax collections dipped 1.3% in Q1 FY26 due to higher refunds, regime shifts, and advance tax payments. But experts say gross collections are still up, and India remains on track to meet its ambitious ₹25.2 trillion target. The dip reflects tax reforms, rising compliance, and smoother processing not signs of macroeconomic stress.