<ul data-eligibleForWebStory="false"><li>India's net direct tax collection for the current fiscal year has decreased by 1.34% compared to the previous year, standing at Rs 5.63 lakh crore.</li><li>The decline in net inflows is mainly due to a 3.81% decrease in corporate tax collections, while non-corporate tax collections remained steady.</li><li>Gross direct tax collection, however, saw a modest growth of 3.17% year-on-year, amounting to Rs 6.65 lakh crore.</li><li>The increase in refund outgo by 38% to Rs 1.01 lakh crore has offset gains in gross collection, impacting the net tax mop-up.</li></ul>

Net Direct Tax Collections Dip 1.34% Amid Decline in Corporate Taxes, Surge In Refunds

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