Advance Tax Growth Sluggish at 3.6% in Q1 FY26 Amid High Refunds, PIT Relief Advance tax collections grew just 3.6% in Q1 FY26, sharply down from 27% a year ago, with overall direct tax receipts falling 1.5% YoY to ₹4.56 lakh crore. Corporate tax dropped 5.1% while personal income tax grew only 1%, weighed by PIT relief and increased refunds. Analysts warn this may pressure FY26 budget targets amid 61% surge in refunds. #advancetax #directtax #incometaxindia #fy26budget #taxrefunds