mumbai total tax collection in mumbai including corporate tax and income tax for the juneseptember quarter of the current fiscal has risen by 135 to rs 75500 crore according to data collated by the income tax department while the it department did not provide a breakup into corporate and individual tax collection it is believed that this increase has been largely due to a spurt in personal income tax collections which grew by 185 over the last year advance tax payments by corporates based in mumbai pushed up the corporate tax collections by 125 surprisingly a major chunk of the corporate tax collections was deposited after september 15 which is the deadline for advance tax payments for the quarter advance tax deposited until the evening of september 15 showed an increase of just 8 leading to fears of a dip in collections this quarter however late deposits paid after september 15 have pushed collections up the preceding april june quarter saw an over 15 increase in overall tax collections projections for this quarter were not optimistic given the sluggish economy coupled with the steep decline in the rupee dollar exchange rate which has put pressure on corporate margins rakesh nangia senior partner of delhibased accounting firm nangia co told et considering the situation prevailing at present a 135 growth is welcome going by the usual trend in tax collection a major part of the tax payment come during the last two quarters tp ostwal a senior chartered accountant in mumbai said bombay accounts for a major part of allindia direct tax collection and therefore a significant growth in tax collection from mumbai can be considered indicative of all india tax collection