FY25 Advance Taxes Grow 14.6%; Q4 Rise at Just 2.4%

ADVANCE TAX COLLECTIONS from the corporate sector, other firms and individuals in the current fiscal stood at ₹10.45 lakh crore as on Sunday, up 14.6% on year.

- PRIYANSH VERMA

In the corresponding period of last fiscal, these collections—a proxy of corporate profitability and the state of the economy—stood at ₹9.11 lakh crore.

The last installment of the advance tax payment was due on March 15, 2025, for FY25. Significantly, advance tax collections growth in Q4 moderated to about 2.4% on year from 16.8% in Q3. In Q1 and Q2, the growth was 27% and 20.6%, respectively.

The Centre's direct tax collections net of refunds have still risen 13.1% year-on-year so far in FY25 to ₹21.3 lakh crore, finance ministry data showed. The collections till March 16 account for 95% of the revised estimates (RE) for FY25.