Advance tax mopup jumps 22% to Rs 1.81 lakh crore in July-September

The sharp rise in the advance tax collections indicates expectations of better corporate performance and an underlying strong economy. Companies paid ₹78,783 crore advance tax in the first quarter of the current fiscal. Gross direct tax collection reached ₹7.20 lakh crore till September 15, maintaining growth momentum of 34%.

from News-Economic Times https://ift.tt/XvDe5Sm