Net direct tax collections grew 6.33% to Rs 11.89 lakh crore so far in AY 2025-26 as against Rs 11.18 lakh crore in the same period a year ago, mainly due to a sharp dip in income tax refunds, according to the latest data released by the Central Board of Direct Taxes (CBDT).

Total direct tax refunds issued by the government as on October 12, 2025 stood at Rs 2.03 lakh crore in AY 2025-26. In the corresponding period a year ago, the tax department had issued tax refunds to the tune of Rs 2.41 lakh crore, data showed. The tax department has been using data analytics, artificial intelligence and various other measures to combat false tax refund claims.

Corporate tax refunds rise over 16% year-on-year

Interestingly, corporate tax refunds jumped over 16% year-on-year to Rs 1.40 lakh cr

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