Posted 9/17/2023, 1:15:00 AM

Advance Tax Collections Jump 20% to Rs 3.54 Lakh Crore, Showing Robust Economy and Corporate Earnings

Advance tax collections in H1 FY2023-24 up 20% to Rs 3.54 lakh crore
Robust advance tax numbers indicate strong economy and corporate performance
Tax collection expected to further increase as more bank data comes in
Corporate tax accounted for Rs 2.80 lakh crore, personal income tax Rs 74,481 crore
Gross tax collection till Sept 15 at Rs 9.85 lakh crore, up 23% versus last year

economictimes.com

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9/18/2023

India's Tax Revenue Jumps 23.5% in First Half of Fiscal Year

India's net direct tax collections rose by 23.5% to 8.65 trillion rupees ($103.9 billion) in the first half of the fiscal year, with corporate tax at 4.16 trillion rupees and personal income tax at 4.47 trillion rupees.

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