Net direct tax revenue jumps 7% so far in FY26

Net direct tax collection has grown 7% so far this fiscal year to over Rs 12.92 lakh crore on higher corporate tax mop-up and slower refunds.

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Refund issuances dropped 18% to over Rs 2.42 lakh crore between April 1 and November 10. Net corporate tax collection during the period stood about Rs 5.37 lakh crore, up