Latest Non-corporate Tax News & Updates

India’s Net Direct Tax Collections Grow by 5.12% in FY 2025–26

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New Delhi, May 4 (IANS) India’s net direct tax collections recorded steady growth in the financial year 2025–26, rising 5.12 per cent year-on-year to Rs 23,40,406 crore, according to data released by the Central Board of Direct Taxes (CBDT) on Monday.Gross direct tax collections for the fiscal stood at Rs 28,11,936 crore, registering a 4.03 per cent increase compared to Rs 27,03,107 crore in FY25.The rise was supported by higher inflows from both corporate and non-corporate tax segments, ref…