Advance tax collection for H1 swells 22.6% to Rs 4.36 lakh crore

economictimes.indiatimes.com:

tax collections rose 22.61% to ₹4.36 lakh crore in the first half of the current financial year (April- September 15), signalling a strong corporate performance and robust economy, official data released on Wednesday showed.

This includes advance corporate tax of ₹3,31 lakh crore and advance personal tax of ₹1,04 lakh crore. The advanced tax collections in the corresponding period last year stood at ₹3.55 lakh crore.

The total advance tax collections for the first quarter (April 1 to June 15) was ₹1.48 lakh crore.

On the back of strong advance tax numbers, net direct tax collections rose 16.12% to ₹9.95 lakh crore in the period under review. This includes corporate tax of ₹4.52 lakh crore and personal income tax of ₹5.15 lakh crore and security transaction tax of ₹26,154 crore.

• Artificial Intelligence(AI)

  Java Programming with ChatGPT: Learn using Generative AI

  By — Metla Sudha Sekhar, Developer and Lead Instructor

• Artificial Intelligence(AI)

  Basics of Generative AI: Unveiling Tomorrow's Innovations

  By — Metla Sudha Sekhar, Developer and Lead Instructor

• Artificial Intelligence(AI)

  Generative AI for Dynamic Java Web Applications with ChatGPT

  By — Metla Sudha Sekhar, Developer and Lead Instructor

• Artificial Intelligence(AI)

  Mastering C++ Fundamentals with Generative AI: A Hands-On

  By — Metla Sudha Sekhar, Developer and Lead Instructor

• Artificial Intelligence(AI)

  Master in Python Language Quickly Using the ChatGPT Open AI

  By — Metla Sudha Sekhar, Developer and Lead Instructor

• Office Productivity

  Zero to Hero in Microsoft