The government’s direct tax collections after refunds rose 11.8% year-on-year to Rs 14.42 lakh crore as of November 10, driven by corporate tax and securities transactions tax (STT), data released by the Central Board of Direct Taxes (CBDT) on Wednesday showed. After trailing the budgeted growth rate in recent weeks, collections have started keeping pace with the Budget Estimate for FY27. Gross direct tax receipts (before devolution to states) were budgeted to grow at 11.4% in the current financial year.