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NewsBLFriday, 18 September 2026NEW

Advance tax collection rises over 16%

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Summary
Data shows that advance tax from companies rose by 18 per cent, while collections from non-corporate taxpayers increased by just over 9 per cent
Key Facts
TypeNews
SourceBusinessLine - Economy
PublishedFriday, 18 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Ministry of FinanceRBISEBIDEA
Key Stakeholders
TaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
2 changes recorded for this policy.
DescriptionFriday, 18 September 2026via business_line
Data shows that advance tax from companies rose by 18%, while collections from non-corporate taxpayers increased by just over 9%
Data shows that advance tax from companies rose by 18 per cent, while collections from non-corporate taxpayers increased by just over 9 per cent
DescriptionFriday, 18 September 2026via the_hindu_business
Data shows that advance tax from companies rose by 18%, while collections from non-corporate taxpayers increased by just over 9%
Refund issuance jumped 29.19% to over ₹2.20 lakh crore till September 17, the data released by the Central Board of Direct Taxes (CBDT) showed.
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