Centre’s gross tax collections dip 1.9% so far this year, refunds squeeze net collections further
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The Union government’s gross direct tax collections contracted 1.9% to ₹7.99 lakh crore in the current financial year 2025-26 up to August 11, 2025, according to data released by the Central Board of Direct Taxes. Higher refunds also meant that net collections contracted 3.9%…