New Delhi: India’s net direct tax collections recorded a 7 per cent growth to Rs 12.92 lakh crore between April 1 and November 10 of the current financial year compared to the same period of the previous financial year, according to official figures released on Tuesday.

Refunds issued during the 7-month period worked out to Rs 2.42 lakh crore, which is 18 per cent lower than the corresponding period of the previous year.

Net corporate tax collections stood at around Rs 5.37 lakh crore, up from Rs 5.08 lakh crore in the same period of the financial year 2024-25.

Non-corporate tax receipts, which include personal income tax from individuals and Hindu Undivided Families (HUFs), went up to Rs 7.19 lakh crore from Rs 6.62 lakh crore a year ago.

Securities Transaction Tax (STT) collections,

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