<h1>India's Direct Tax Collections Surge 15.12% in November 2016, Reaching Rs. 4.12 Lakh Crore, Boosted by PIT Growth.</h1> Direct tax collections in India for November 2016 increased by 15.12% compared to the same period the previous year, reaching Rs. 4.12 lakh crore. This represents 48.67% of the total budget estimates for direct taxes for the fiscal year 2016-17. Corporate Income Tax (CIT) gross revenue grew by 11.22%, while Personal Income Tax (PIT), including Securities Transaction Tax (STT), saw a 22.41% increase. After accounting for refunds, the net growth in CIT was 8.75%, and PIT was 23.89%. Refunds issued from April to November 2016 amounted to Rs. 1,05,561 crore, marking a 17.35% increase from the previous year.