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Advance tax growth slows to 3.9% in Q2
Financial Express Mumbai
|September 20, 2025
THE ADVANCE DIRECT tax collections for the second quarter of 2025-26 from companies, LLPs and individuals rose by a modest 3.9% on year compared with a 19% growth seen in the year-ago quarter, owing mainly to the personal income tax relief announced in the Budget.
Advance tax receipts for Q1FY26 had grown by 3.6% on year, due to the impact of tax cuts and higher refunds. For Q2, such receipts stood at ₹2.95 lakh crore as of September 17 of FY26 compared with ₹2.84 lakh crore in the year-ago period.
IN THE FY26 BUDGET, the Centre sharply raised the income tax exemption limit to ₹12 lakh from 7 lakh under the new tax regime and lowered tax incidence under various income slabs, which the government said would leave around 1 lakh crore in cash in the hands of taxpayers.
This story is from the September 20, 2025 edition of Financial Express Mumbai.
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