Tax surge: Net direct tax inflows cross Rs 12.92 lakh crore; collections up 7% in April-November period

India’s direct tax collection surged 7% to over Rs 12.92 lakh crore by November 10, driven by robust corporate tax inflows and a significant reduction in refund issuances. Non-corporate tax also saw a healthy increase, indicating stronger income growth across individuals and HUFs.

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