Advance tax mop-up falls 25.5% in Q2, led by plunge in corporate tax: Source

"Total advance tax collection in the second quarter fell by 25.5 per cent to Rs 1,59,057 crore from Rs 2,12,889 crore y-o-y. While corporates paid only Rs 1,29,619.6 crore in advance tax, down by 27.3 per cent in the reporting quarter, personal income tax collection stood at Rs 29,437.5 crore, down 15 per cent from Rs 34,632.9 crore.

from Economy-News-Economic Times https://ift.tt/2ZKF7P7