Question
What is the percentage increase in advance tax collections in the first half of 2023-24 compared to the previous year?
Solution
Advance tax collections in the first half of 2023-24 have increased 20% year on year to ₹3.54 lakh crore. Of the total advance tax collected in the first two quarters of the fiscal, corporate tax accounted for ₹2.80 lakh crore and personal income tax for ₹74,481 crore.
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