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Total tax collection falls 22.5% till Sept 15 to Rs 2,53,532 cr: Report

Total tax collection of the Centre, including advance tax collection for the second quarter, fell 22.5% to Rs 2,53,532 crore till September 15 of the current fiscal as compared to the year-ago period

Topics
Tax collection | advance tax

Press Trust of India  |  Mumbai 

money, cash, investment, stocks, tax, funds, investors, investment, shares

Total of the Centre, including advance for the second quarter, fell 22.5 per cent to Rs 2,53,532.3 crore till September 15 of the current fiscal as compared to the year-ago period, according to an income tax department source.

The source shared some details about the provisional data.

During the same period ended September 15, 2019, total stood at Rs 3,27,320.2 crore, the income tax department source from Mumbai zone told PTI over phone on Wednesday.

However, the source refused to share the numbers separately for the current quarter.

The numbers are provisional as banks will be able to update the final data by the end of the day, the source said.

During the first quarter ended June, gross tax collections fell 31 per cent driven down by a massive 76 per cent plunge in mop-up, as the country was in a full lockdown due to the pandemic.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, September 16 2020. 15:01 IST
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