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      Question

      What is the percentage increase in advance tax

      collections in the first half of 2023-24 compared to the previous year?
      A 15% Correct Answer Incorrect Answer
      B 20% Correct Answer Incorrect Answer
      C 25% Correct Answer Incorrect Answer
      D 30% Correct Answer Incorrect Answer
      E 35% Correct Answer Incorrect Answer

      Solution

      Advance tax collections in the first half of 2023-24 have increased 20% year on year to β‚Ή3.54 lakh crore. Of the total advance tax collected in the first two quarters of the fiscal, corporate tax accounted for β‚Ή2.80 lakh crore and personal income tax for β‚Ή74,481 crore.

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