Direct tax collection: Net mop-up rises 6.3% to Rs 11.89 lakh crore; refunds dip

Net direct tax revenue has grown 6.33% to over Rs 11.89 lakh crore by October 12, driven by robust corporate tax collections and reduced refund issuances. This growth reflects an increase in both corporate and non-corporate tax receipts, with the government projecting further expansion for the full fiscal year.