Page 2 - Advance Tax

Direct tax collection soars 48% in FY22, advance tax payment up 41%

Almost 53% of all direct tax collection was from corporate tax, while 47% came from personal income tax, including securities transaction tax on shares

Ashneer Grover, wife Madhuri Jain pay Rs 8.2-cr advance tax for FY23

GST authorities are now scrutinising BharatPe books of the last four years to see if bogus invoices were issued for services as well

Centre to release Rs 47,541 crore to states as advance instalment of tax

Union Finance Minister Nirmala Sitharaman has authorised the release of an advance instalment of tax devolution to State Governments amounting to Rs 47,541 crore

Advance tax collection rises 54% to Rs 4.6 trn in FY22 so far: FinMin

The finance ministry on Friday said advance tax collection increased by 53.50 per cent to Rs 4.60 lakh crore so far this fiscal year, indicating recovery in the economy. Direct tax collections for 2021-22, as on December 16, show that net collections are at Rs 9.45 lakh crore compared to Rs 5.88 lakh crore over the year-ago period, representing an increase of 60.8 per cent, the ministry said in a statement. "The net collection (as on December 16) in FY22 has registered a growth of 40 per cent over the corresponding period of previous year when the net collection was Rs 6,75,409.5 crore, and a growth of 40.93 per cent over the corresponding period of 2018-19 when the net collection was Rs 6,70,739.1 crore," it said. The cumulative advance tax collections for the first, second and third quarter of 2021-22 stand at Rs 4,59,917.1 crore as on December 16, 2021, against advance tax collections of Rs 2,99,620.5 crore for the corresponding period of 2020-21, showing a growth of about 53.5 p

Tata Steel, ONGC lead surge in advance tax; top 20 firms pay 47% more in Q2

Reliance Industries and Tata Motors skip payment

Advance tax collection up 52% in September quarter, shows CBDT data

Current mop-up 14.6% higher than the 2019-20 level of Rs 2.21 trillion

Direct tax mop-up crosses half of Budget Estimates at halfway point

Collection 28% higher over the same period in 2019-20, brightening economic recovery prospects

Advance tax collection surges 146% despite Covid-19-led economic disruption

Net direct tax mop-up zooms 100% till June 15

Net direct tax collections double to Rs 1.85 trn in FY22 so far

Advance tax collections for FY22 stand at Rs 28,780 cr, which shows a growth of approximately 146%, says govt

Direct tax mop-up zooms 85% in spite of economic disruption due to Covid-19

Trend in contrast to moderation in GST collections last month

Banking system liquidity on the slide due to advance tax outflow

As of Monday, the banking system liquidity was at a surplus of Rs 4.95 trillion, as against Rs 6.13 trillion a week earlier, on the eve of the deadline for the third instalment of advance tax

Advance tax collection zooms nearly 33% to Rs 1.41 trillion in Dec quarter

Corporation advance tax jumps 50% in Q3

Advance tax mop-up dips 25.5% in Q2, led by plunge in corporate tax: Report

Advance tax collections fell 25.5 per cent to Rs 1,59,057 crore in the second quarter of the fiscal, an income tax official said on Thursday

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

Despite reduced interest liability, pay advance tax to minimise charges

The schedule remains unchanged, only the interest charge levied for delayed payment has been reduced

Top headlines: Advance tax collection falls; drug gives hope in Covid fight

Twenty Indian soldiers killed in a "violent face-off" with Chinese troops in eastern Ladakh.

Q1 advance tax mop-up falls 76% as Covid-19 pandemic bites economy

Net collection down 32%

Advance tax collection falls 31% in Q1, corporation tax mop-up down 79%

Gross direct tax collection fell a full 31% to Rs 1,37,825 crore in the first quarter of FY21

Advance corporation tax collection falls over 10% in Apr-Mar FY20

Total direct tax collections fell over 5 per cent, standing at Rs 9.57 trillion, till March 18 against the revised target of Rs 11.7 trillion for the current fiscal

Coronavirus: Exporters want easier NPA norms, advance tax rules to survive

FIEO says large-scale order cancellations, supply chain disturbance, troubled delayed or even non-payment of bills could force several units to shut down