Refunds in April 1 to June 19 of FY26 noticed over 58% bounce to ₹86,385.31 crore as in comparison with ₹54,660.79 crore in the identical interval of FY25, primarily due to larger refunds to company taxpayers
According to the official knowledge, company tax (CT) refunds jumped by over 67.3% to ₹76,832.08 crore within the first three months (as much as June 19) of FY26. (Representational picture)
Refunds in April 1 to June 19 of FY26 noticed over 58% bounce to ₹86,385.31 crore as in comparison with ₹54,660.79 crore in the identical interval of FY25, primarily due to larger refunds to company taxpayers. “Refunds have elevated by 58.04% (as on 19.06.2025) in comparison with corresponding interval of final yr reflecting higher taxpayer companies and faster issuance of refunds,” the Central Board of Direct Taxes (CBDT) mentioned.
According to the official knowledge, company tax (CT) refunds jumped by over 67.3% to ₹76,832.08 crore within the first three months (as much as June 19) of FY26 from ₹45,921.22 crore in corresponding interval of FY25. Compared to these refunds below non-corporate tax (NCT), which predominantly comprise of particular person taxpayers, was considerably low.
Refunds below NCT, earlier referred to as as private income-tax, noticed a single-digit development 9.44% in April-June (as much as June 19) of the present monetary yr at ₹9,551.11 crore as in comparison with ₹8,727.28 crore in the identical interval of earlier fiscal yr. Apart from income-tax paid by particular person taxpayers, NCT consists of taxes paid by Hindu Undivided Families (HUFs), native authorities and synthetic juridical individuals.
Gross company tax (CT) for the fiscal yr 2025-26 elevated by 9.45% to ₹2,49,672.09 crore as much as June 19 as in comparison with ₹2,28,109.92 crore in the identical interval of 2024-25. After refunds of ₹76,832.08 crore, internet CT in FY26 (as much as June 19) was ₹1,72,840.01 crore, a 5.4% decline in comparison with ₹1,82,188.70 crore internet CT in the identical interval of FY25.
Gross NCT assortment, nevertheless, noticed marginally lower than 1% development in FY26 (as much as June 19) at ₹2,82,262.41 crore as in comparison with ₹2,79,506.59 crore within the corresponding interval of FY25. But as a consequence of comparatively decrease refunds of ₹9,551.11 crore within the above-mentioned present interval, internet NCT noticed about 1% improve at ₹2,72,711.30 crore in comparison with ₹2,70,779.31 crore in the identical interval of FY25.
Advance tax collections throughout April 1 to June 19 of FY26 registered a development of three.87% at ₹1.56 lakh crore, in response to the information. While company advance tax funds noticed a 5.86% improve to ₹1,21,604.48 crore through the interval, collections from non-corporate taxpayers declined by 2.68% to ₹33,928.32 crore. Advance tax is paid in 4 instalments in the midst of June, September, December, and March of the monetary yr.
