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      Question

      How much was collected under gross direct taxes in Q1 FY

      2025โ€“26?
      A โ‚น4.59 lakh crore Correct Answer Incorrect Answer
      B โ‚น5.45 lakh crore Correct Answer Incorrect Answer
      C โ‚น86,385 crore Correct Answer Incorrect Answer
      D โ‚น3.87 lakh crore Correct Answer Incorrect Answer
      E โ‚น2.68 lakh crore Correct Answer Incorrect Answer

      Solution

      Gross tax collections during Q1 FY 2025โ€“26 stood at โ‚น5.45 lakh crore, reflecting a 4.86% year-on-year growth. However, due to a significant rise in tax refunds (โ‚น86,385 crore), the net collection was reduced to โ‚น4.59 lakh crore.

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