Advance tax receipts rise 6.4% in March qtr

Direct tax mop-up slightly short of RE

- KULDEEP SINGH

THE MARCH-QUARTER (Q4 FY26) instalment of advance taxes expectedly lagged the year-ago growth by a wide margin, causing the overall growth in direct tax receipts so far to fall marginally short of the revised estimates (RE).

According to data released by the Central Board of Direct Taxes (CBDT), the Centre’s advance tax collections for Q4 FY26 from companies, LLPs and individuals rose by 6.42% on year, compared with a 14.62% growth seen in the year-ago quarter. This was owing largely to the massive personal income tax relief announced in the Budget FY26. In absolute terms, Q4 advance tax collections stood at ₹11.13 lakh crore as on March 17.