Archive · 17 Jun 2025

India's Advance Tax Collections Slow in Q1 FY26

India's Advance Tax Collections Slow in Q1 FY26

Imagine the government gets money from taxes paid by companies and people.

Recently, the amount of tax money coming in grew, but it grew much slower than before.

This is because the government changed the tax rules, letting people pay less tax.

Some people are paying less income tax, but companies are paying a bit more.

Overall, the government is collecting less tax money than they planned.

Also, the government is giving back more tax refunds than last year, trying to speed up the process.

This could mean the government might not get as much tax money as they expected.

Sources