close

At Rs 42,679 crore, advance tax collection up 48% in April-June quarter

Direct tax collection, net of refunds, stood at Rs 2.81 trillion, initial estimates show

tax
Premium

To rein in inflation, the government had last month cut excise duties on petrol and diesel and exempted Custom duties on certain items

New Delhi
Advance tax paid by companies in the first quarter of the fiscal year grew 46 per cent over that in the equivalent period in 2021-22, indicating healthy tax buoyancy that

Also Read

Direct tax mop-up beats the revised estimates at Rs 13.6 trillion

Net direct tax collection rises 50% to record Rs 13.81 trillion in FY22

What are direct and indirect taxes?

What are the new and old income tax regimes?

Advance-decline ratio remains below 1 for second month in a row

Banking sector's gross NPA falls below 6%, lowest in six years

World shares resume slide on growth fears as Swiss, UK hike rates

CBDT issues guidelines for new tax rule on gifts, benefits to influencers

SC seeks Rs 200 cr from Bajaj Allianz as compensation for farmers crop loss

Mandatory registration on the govt anvil to curb wheat flour exports

First Published: Jun 16 2022 | 10:35 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com