-
Jan 27, 2026
-
Direct tax refunds fall 17%, as tax revenues falter
Amid a dip in tax collections relative to the Budget Estimates, refunds of direct taxes have slowed.
According to the Central Board of Direct Taxes (CBDT) data, the government released refunds of Rs 3.11 lakh crore as on January 11 in the current financial year against Rs 3.75 lakh crore during the corresponding year-ago period, a contraction of 16.92% on year.
The decline in refunds was particularly pronounced in the non-corporate segment, which fell 25% to Rs 1.71 lakh crore while the corporate tax refunds dropped 10% to Rs 1.83 lakh crore till January 11 in the current financial year.
|