Overview
- Gross direct tax receipts reached ₹15.35 lakh crore, a 2.15% year-on-year increase before refunds.
- Refunds issued totaled about ₹2.42–2.43 lakh crore, down roughly 17.7–18% from a year earlier.
- Net corporate tax collections stood at ₹5.37 lakh crore, with net non-corporate receipts at ₹7.19 lakh crore.
- Securities Transaction Tax collections were ₹35,682 crore, broadly unchanged from last year.
- Growth so far lags the 12.7% full-year target, with analysts noting resilient non-corporate inflows even after recent personal income tax rate cuts.