New Delhi, June 21 -- A sharp jump in tax refunds has led to a modest dip in the union government's net tax revenue receipts from corporate and personal income to Rs.4.59 trillion so far this year, official data showed.

The union government's net direct tax revenue up to 19 June this year contracted 1.4% annually, although, before adjusting for refunds, it recorded 4.9% growth to Rs.5.45 trillion, the Central Board of Direct Taxes (CBDT) said on Saturday.

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The Income Tax Department issued Rs.86,385 crore of corporate and personal income tax refunds in the period, a 58% jump from the year-ago period. The bulk of it was in the corporat...