Direct tax collections dip 3.95% due to rise in tax refunds

Aug 12, 2025

India's net direct tax collections for FY 2025-26 stood at Rs 6.64 lakh crore as on August 11, down 3.95 per cent from Rs...

Israel's Tax Authority ensures Holocaust survivors receive benefits

Jan 27, 2025

As part of the pilot, tax refund applications from 22 survivors were processed, who received tax refunds totaling approximately 960,000 Shekels (USD 266,000) as...

Digital infrastructure transforms India's tax administration, refunds surge 474%

Jul 13, 2025

India's tax administration has undergone a dramatic transformation over the past decade, with taxpayer refunds growing at nearly double the pace of tax collections,...

Personal income tax collection overtakes corporate tax: Report

Aug 27, 2025

Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift in the country's direct tax...

Tax refunds up by 46.31% to Rs 3.08 lakh crore in FY 2024-25: Finance Ministry

Dec 12, 2024

The Finance Ministry announced on Thursday a significant improvement in the issuance of tax refunds for the financial year 2024-25.

Tax refunds worth Rs 26,242 crore to tax assesses since April 1: CBDT

May 22, 2020

New Delhi [India], May 22 : The Central Board of Direct Taxes (CBDT) has issued tax refunds worth Rs. 26,242 crore to 16,84,298 tax...