New Delhi, Feb. 11 -- The central government's net direct tax collections, after accounting for refunds, stood at Rs.19.43 trillion so far this fiscal year, up 9.4% from a year earlier.

Data released by the Central Board of Direct Taxes (CBDT) on Wednesday showed that tax receipts from corporations and individuals between 1 April and 10 February were over 80% of the revised direct tax target of Rs.24.21 trillion for FY26. The initial target was Rs.25.2 trillion.

In the revised estimates for FY26, the government lowered its direct tax target by Rs.99,000 crore to account for the impact of tax rate cuts introduced this financial year to boost consumption.

The Centre collected nearly Rs.8.9 trillion in corporate tax, net of refunds, regis...