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Advance tax collection surges 146% despite Covid-19-led economic disruption

Net direct tax mop-up zooms 100% till June 15

Topics
advance tax | Tax collections | Indian Economy

Dilasha Seth  |  New Delhi 



Advance tax collection surges 146% despite Covid-19-led economic disruption
Of the advance tax, corporation tax accounted for Rs 18,358 crore and personal income tax Rs 10,422 crore

The advance collection of corporation tax and personal income tax in the first quarter grew 146 per cent over last year, while overall net direct taxes doubled during this period compared to 2020, reigniting hopes of sustained despite the disruption caused by the second wave of the pandemic.

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First Published: Thu, June 17 2021. 01:31 IST

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