Question
As of July 10, 2025, India’s net direct tax receipts
showed what year-on-year change?Solution
India’s net direct tax receipts saw a 1.3% decline as of July 10, 2025, reaching approximately ₹5.63 trillion. The drop was mainly due to a significant rise in tax refunds, which grew by 38%, indicating enhanced tax compliance and refund processing. Despite the decline, gross tax collections grew modestly by 3.17%.
Bite your tongue
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Down In the drumps
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- Choose the option which best expresses the meaning of the idiom/phrase bold in the sentence.
Despite facing multiple setbacks, the team decided to ...
