July 12, 2025

The net direct tax collection in the country has witnessed a decline of 13% due to a drop in corporate tax and a rise in refunds. This decrease in tax collection has been attributed to the government's decision to lower corporate tax rates to boost economic growth. The increase in tax refunds further contributed to the decline in overall tax collection. Despite efforts to stimulate the economy through tax cuts, the net direct tax collection has taken a hit. As a result, policymakers may need to reassess their strategies to balance tax revenue and economic growth.

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Tags: Tax, Refund, Corporate tax, Economy,