Advance taxes grow 4.3% in Q3, non-corporate sector sluggish

The Centre’s direct tax receipts for Q3 of FY26 increased by 4.27% but fell short of Budget projections. Corporate tax grew by 8%, while non-corporate tax declined by 6.5%. Experts predict a shortfall in personal income tax collections due to tax relief measures. ICRA suggests that higher dividends could offset some of the missed tax […]