Advance tax mop-up grew 17% between Apr and Sep to Rs 2.95 trillion

Net direct tax collections (net of refunds) for the current financial year have grown at 23 per cent to over Rs 7 trillion between April 1 and September 17

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Data suggests that refunds amounting to Rs 1.35 trillion have been issued so far, as against refunds of Rs 74,140 crore issued during the corresponding period in the preceding fiscal year, showing over 83 per cent growth

Shrimi Choudhary New Delhi
The advance tax collection, both corporation and personal, has grown 10.1 year-on-year to Rs 1,92,600 crore in the second quarter of FY23, according to official sources.

The corporation advance tax mop-up in July-September stands at Rs 1,49,242 crore, against Rs 1,35,347 crore in the corresponding period a year ago -- up 10.2 per cent. Advance personal income tax collection, on the other hand, is 9.5 per cent higher at Rs 43,358 crore, against Rs 39,592 crore a year ago.

The cumulative advance tax collection between April 1 and September 17 this year, comprising both first and second instalments, surged 17

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First Published: Sep 18 2022 | 2:28 PM IST

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