Overview

• Net direct tax collections for April 1–July 10 fell 1.34% year-on-year to ₹5.63 lakh crore.
• Tax refunds climbed 38.01% to ₹1.02 lakh crore, offsetting gains in gross receipts.
• Gross direct tax mop-up rose 3.17% to ₹6.64 lakh crore during the same period.
• Corporate taxes contributed about ₹2 lakh crore, non-corporate levies ₹3.45 lakh crore and securities transaction taxes ₹17,874 crore.
• The finance ministry remains on track to meet its FY26 targets of ₹25.20 lakh crore in direct taxes and ₹78,000 crore from securities transaction tax.