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Advance tax collection zooms nearly 33% to Rs 1.41 trillion in Dec quarter

Corporation advance tax jumps 50% in Q3

Topics
advance tax | Tax collections | direct tax collections

Dilasha Seth  |  New Delhi 



tax, taxes
The robust revenue collection reinforces hope of a good economic performance in the third quarter of financial year 2020-21 (Q3FY21) after the surprising pickup seen in Q2

Indicating a sharp revival in direct tax mop-up, paid by companies in the December quarter rose by 50 per compared with the corresponding period last year, owing to a low base effect.

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First Published: Thu, December 17 2020. 23:32 IST

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