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

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