<h1>Direct tax collection growth slowed due to higher tax refunds, while corporate and personal tax trends diverged.</h1> Net direct tax collections for the first seven months showed modest growth with corporate receipts outpacing personal income tax, but substantially higher tax refunds materially constrained net collection growth; October collections remained positive with stronger personal tax monthly growth, weaker corporate monthly receipts, and marginal rise in Securities Transaction Tax over the April-October period.