New Delhi, Oct. 13 -- The Centre has netted Rs.11.89 trillion in corporate and personal income taxes, including securities transaction tax, so far this financial year, showing a 6.3% rise from last year.

This represents 47% of the Rs.25.2 trillion direct tax collection target for the current financial year.

Prior to adjusting for tax refunds, direct tax revenue collection up to 12 October this financial year stood at Rs.13.92 trillion, showing an annual growth of 2.4%.

The government issued Rs.2 trillion in tax refunds to individuals and businesses, according to the income-tax department.

This is a 16% decline from the refunds issued in the same time a year ago, mainly because non-corporate taxpayers such as individuals received small...