New Delhi, Sept. 18 -- Net direct tax collections rose 12.96% year-on-year to Rs.12.12 trillion as of 17 September of fiscal year 2027, as per the income-tax department's provisional data released on Friday.

Gross direct tax collections grew 15.19% to Rs.14.32 trillion a year earlier. The higher gross collections were partly offset by a sharp rise in refunds, which increased 29.19% to Rs.2.20 trillion from Rs.1.70 trillion.

Net corporate tax collections, after accounting for refunds, increased 19.48% to Rs.5.56 trillion, the data showed. Gross corporate tax collections rose 16.58% to Rs.6.95 trillion.

The stronger corporate tax numbers point to a relatively robust flow of tax payments from companies in the first half of FY27. Corporate...