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Net direct tax collections fall 1.34% even as gross mop-up, refunds rise in FY26
India’s gross direct tax collections rose 3.17% to Rs 6.64 lakh crore in FY26 so far, but net collections dipped 1.34% as record-high refunds surged 38% year-on-year. The revenue mix highlights both economic resilience and the tax department’s push for faster payouts.
efund payouts soared to Rs 1.02 lakh crore as of July 10, a sharp 38% jump from Rs 73,893 crore disbursed during the same period in FY25.

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