Increasing frequency and magnitude of climate extremes could fundamentally affect terrestrial carbon (C) cycling. However, as the second-largest terrestrial C flux, soil respiration (SR) responses to climate extremes are not well understood. Here, we investigated the effects of drought, heat wave and drought plus heat wave on SR in a semiarid grassland during the growing season over 3 years. The results indicated that drought consistently reduced the growing-season mean SR, especially during the period of drought treatment, while heat wave, alone or when combined with drought, had little effect on SR. The decreased SR under drought at the intra-annual timescale could be primarily attributable to restriction of low soil moisture to microbial biomass, as there were no consistent changes in plant community (aboveground biomass, richness and abundance). In contrast, the inter-annual variation in SR was positively related to plant community abundance, richness and aboveground biomass in additional to soil water availability, but was not significantly affected by microbial biomass. Our study highlighted that incorporating microbial biomass in C cycling models can improve simulation of seasonal dynamics of soil respiration while incorporating plant community characteristics can benefit prediction of variation in SR across multiple years in semiarid grasslands.