Posted 9/17/2023, 1:15:00 AM
Advance Tax Collections Jump 20% to Rs 3.54 Lakh Crore, Showing Robust Economy and Corporate Earnings
- Advance tax collections in H1 FY2023-24 up 20% to Rs 3.54 lakh crore
- Robust advance tax numbers indicate strong economy and corporate performance
- Tax collection expected to further increase as more bank data comes in
- Corporate tax accounted for Rs 2.80 lakh crore, personal income tax Rs 74,481 crore
- Gross tax collection till Sept 15 at Rs 9.85 lakh crore, up 23% versus last year