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      Question

      As of July 10, 2025, India’s net direct tax receipts

      showed what year-on-year change?
      A Increased by 2.5% Correct Answer Incorrect Answer
      B Remained flat Correct Answer Incorrect Answer
      C Fell by 1.3% Correct Answer Incorrect Answer
      D Increased by 3.7% Correct Answer Incorrect Answer
      E Fell by 5% Correct Answer Incorrect Answer

      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%.

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