Advance Corporate Tax Fails To Push Up Revenue Collections

The third instalment of advance corporate tax payments will not cheer up the government as gross tax collections have only touched Rs 1,09, 000 crore. This is only 48 per cent of the targeted collection of Rs 2,26,649 crore for the entire year.

The tax collection figures till December 13 show that gross receipts are just Rs 2,000 crore more than last year