Overview
- Gross direct taxes stood at Rs 15.35 lakh crore, with refunds of Rs 2.43 lakh crore down 17.7% year-on-year.
- Net corporate tax totalled Rs 5.37 lakh crore, while net non-corporate tax reached Rs 7.19 lakh crore, with experts noting resilient personal tax inflows despite recent rate cuts.
- CBDT moved 2025 return due dates to September 15 for non-audit taxpayers and December 10 for audit and corporate cases, delaying some filings and refund processing.
- Securities Transaction Tax collections were Rs 35,682 crore, broadly flat from a year earlier in line with subdued equity turnover.
- Receipts so far amount to roughly 49% of the Rs 25.20 lakh crore FY26 target, with analysts expecting a later refund wave that could influence near-term cash flows.