Graphic of the day: Corporate taxes rise, individual collections dip
India's tax data for FY26 shows a stark divergence, with corporate advance tax payments increasing while collections from individuals and non-corporate entities unexpectedly fall
Tax data reveals a significant drop in non-corporate advance tax collections for FY26 compared to FY25. This 7.30% decline, affecting individuals and small entities, is in stark contrast to the 6.11% rise in corporate advance tax, highlighting uneven momentum in India's tax revenue streams.
