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India nears its 2025–26 tax target, boosted by higher corporate taxes and fewer refunds.
India is on track to meet its fiscal year 2025–26 direct tax target of ₹25.2 lakh crore, with net collections reaching ₹12.92 lakh crore by November 10, up 6.99% year-on-year.
Higher corporate tax receipts and an 18% drop in refunds, due to increased scrutiny, are driving progress.
The CBDT expects remaining tax filings and payments to be completed by December 10, with new simplified tax rules set for implementation in April 2026.
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India se acerca a su objetivo fiscal de 2025/26 impulsado por mayores impuestos corporativos y menos reembolsos.