Overview

• Gross direct tax collections reached Rs 5.45 lakh crore by June 19, a 4.86% increase driven by corporate and securities transaction levies.
• Net direct tax receipts dipped 1.39% to Rs 4.59 lakh crore as Rs 86,385 crore in refunds offset much of the gross gains.
• Advance tax mop-up grew 3.87% to Rs 1.55 lakh crore with corporate payments up 5.86% and non-corporate collections down 2.68%.
• Corporate tax refunds surged 67.3% to Rs 76,832 crore while non-corporate refunds rose 9.44% to Rs 9,551 crore on faster processing.
• The Income Tax Department rolled out an ‘e-Pay Tax’ feature and is reviewing the Income-tax Act, 1961, as it pursues its FY26 direct tax target.