Government of India (GoI) records 5.12% growth in net direct tax collections reaching ₹23.40 lakh crore

Exam-focused facts from the 6 May 2026 current affairs briefing.

Key facts

India’s net direct tax collections reached approximately ₹23.40 lakh crore as of 31 March.
The net direct tax collection figure represents a 5.12% increase compared to the previous period.
Gross direct tax collections for the financial year grew by 4% year-on-year to reach ₹28.1 lakh crore.
Tax refunds witnessed a decline of approximately 1% compared to the previous year.
The dip in refund payouts contributed to a stronger net revenue position despite moderate growth in gross receipts.