Graphic of the Day: Corporate tax refunds outpace non-corporate in FY25

Faster rise in corporate tax refunds highlights shifting refund dynamics in FY25

  • Published:
  • 12/08/2025 01:21 PM

Corporate tax refunds have surged in FY25, touching Rs2.9 lakh crore, a sharper rise compared to non-corporate refunds at Rs1.9 lakh crore. This trend signals a faster pace of refunds to corporations over other taxpayer groups.