NEW DELHI, Sept. 19 -- The central government's direct tax collections have grown by over 9% so far this fiscal year, reaching Rs.10.83 trillion as of 17 September. The increase comes despite a slowdown in personal income tax revenue following recent tax cuts.

Official data shared by the Central Board of Direct Taxes (CBDT) showed that before adjusting for refunds, direct tax revenue from corporate and personal income tax grew 3.4% so far this financial year to Rs.12.43 trillion. The data covers revenue collection from 1 April to 17 September.

The Income Tax department has issued Rs.1.61 trillion in tax refunds during this period, which is nearly 24% less than the same time last year. This decrease was most notable in personal income ta...