💨 Abstract

India's Q2 tax collection growth slowed to 3.8% compared to 23.7% in Q1 and 27.8% in Q2 of the previous year. This is due to a 8.3% contraction in corporate tax collection and a drop in personal income tax collection. Experts attribute this to lower corporate earnings and a significant slowdown in the economy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖