New Delhi, Aug. 12 -- India's net direct tax collections for FY 2025-26 stood at Rs 6.64 lakh crore as on August 11, down 3.95 per cent from Rs 6.91 lakh crore collected during the same period last year, Income Tax Department data shows.

The data suggests that a rise in the tax refund was the major reason behind the decline.

Refunds rose nearly 10 per cent year-on-year to Rs 1.35 lakh crore, with corporate refunds climbing 21 per cent to over Rs 1.03 lakh crore, partly offsetting gross gains.

The data shows that the corporate tax collections rose 2.9 per cent to Rs 2.29 lakh crore after refunds, supported possibly by better profitability and tax compliance among large companies.

In contrast, non-corporate tax collections dropped 7.5 p...