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Tax collections falls 22% to 2.53 lakh cr

Tax collections falls 22% to 2.53 lakh cr
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Tax collections falls 22% to 2.53 lakh cr

Key banks shoring up capital via QIPs

Highlights

Total tax collection of the Centre, including advance tax collection for the second quarter, fell 22.5 per cent to Rs 2,53,532.3 crore till September 15 of the current fiscal as compared to the year-ago period, according to an income tax department source

Mumbai: Total tax collection of the Centre, including advance tax collection for the second quarter, fell 22.5 per cent to Rs 2,53,532.3 crore till September 15 of the current fiscal as compared to the year-ago period, according to an income tax department source.

The source shared some details about the provisional data. During the same period ended September 15, 2019, total tax collection stood at Rs 3,27,320.2 crore, the income tax department source from Mumbai zone said over phone on Wednesday. However, the source refused to share the advance tax numbers separately for the current quarter.

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