Advance Tax Growth Slows in Q1 FY26 •Advance tax collections grew by just 3.87% to ₹1.55 lakh crore, a sharp slowdown compared to 27% growth in Q1 FY25. •Corporate advance tax increased by 5.86%, reaching ₹1.22 lakh crore. •Non-corporate advance tax declined by 2.68% to ₹33,928 crore. •Net direct tax collections fell by 1.3% to ₹4.58 lakh crore, mainly due to higher tax refunds.