Individual advance taxpayers shine in December quarter

There has been a surge in advance tax payments by individuals in the December 2016 quarter and the reason is believed to be the note ban. An analysis of advance tax collections at the end of the third quarter shows that tax paid by the top 20 individuals soared in the range of 60% to 150% year-on-year (y-o-y). 
 

According to the data, the total advance tax collection from individuals till December 2016 was Rs 46,331 crore, an increase of 38% y-o-y. 

Notably, the advance tax paid by some Bollywood actors saw a huge jump. For instance, stand-up comedian Kapil Sharma