The third instalment of the Advance Tax collection recorded a growth of 10.44% to Rs 78,226 crore, finance ministry said today.
Advance Tax collections for the month of December 2012 (up to December 20) stood at Rs 78,226 crore, against Rs 70,826 crore in the corresponding period a year ago, it said.
So far in the current financial year (April 1-December 20), the advance tax collections grew 7.52% over the corresponding period last year.
It includes a 7% growth in corporate tax and 12.3% in personal Income Tax, the statement added.
The growth in advance tax collections in December follows government's stern warning to tax evaders earlier this month to either disclose their correct income and pay advance tax by December 15 or be prepared to face action.
"Government would urge all assesses to disclose their true income. There is no advantage in suppressing the true income or avoiding paying income tax that is due", Revenue Secretary Sumit Bose had said.