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Advance tax collections up 10.44pc in Dec

Posted on Dec 24, 07:29PM | IBNS

Advance tax collections for the month of December up to Dec 20 registered a growth of 10.44pc over the corresponding period last year.

Advance tax collections are worth Rs. 78,226 crores during this period as against Rs.70,826 crores collected during the corresponding period last year.

The overall growth rate of advance tax collections during the current Financial Year 2012-13 from Apr 1 to Dec 20, 2012 has been 7.52pc over the last financial year's figures during the corresponding period.

It includes corporation tax growth rate of 7pc and personal income tax growth rate of 12.3pc .