The net direct tax collection grew 7% to Rs 12.92 trillion between April 1 and November 10. As per the official government data, India’s net direct tax collection was helped by higher corporate tax receipts and a drop in refund payouts.

Gross direct tax collections before refunds amounted to Rs 15.35 trillion, reflecting a 2.15% increase from the previous year. In FY 2024-25, the comparable figure stood at Rs 15.03 trillion.

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The data highlighted that the refund issuances during the period declined by 18%, totalling Rs 2.42 trillion, compared with the same period last year.

The slower pace of refunds contributed to the higher net collections, even as overall growth in gross collections remained modest.

Net corporate tax collections stood at around Rs 5.37 trillion, up fro

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