The banks have clearly bucked the downturn and paid more advance tax in the June 15 installment. State Bank of India (SBI) has displaced ONGC to become the leading advance taxpayer in the country for the June 15 instalment, which is the first for fiscal 2009-10. SBI paid Rs 1,068 crore of advance tax that representing a growth of 61.09 per cent over the Rs 663 crore paid for the same instalment last year.
Moreover on a sectoral basis, the advance tax payout of the auto sector for the June 15 instalment has been flat. Maruti Udyog paid Rs 92 crore as advance tax as aginat Rs 95 crore last year followed by Tata Motors paid Rs 30 crore (Rs 30 crore), and Bajaj Auto Rs 50 crore (Rs 50 crore).
However, from the FMCG sector-Hindustan Unilever (Rs 75 crore as against Rs 60 crore) and ITC (Rs 220 crore as against Rs 179 crore). From the telecom sector, BSNL paid Rs 135 crore as advance tax which was much lower than the Rs 312 crore paid last June while Bharti Airtel forked out Rs 100 crore (Rs 72 crore).
From the petroleum sector, Indian Oil Corporation (IOC) and HPCL have this time round paid advance tax of Rs 130 crore and Rs 15 crore respectively. Last year, these two companies did not make any payment for the June 15 instalment.
From the steel sectors SAIL and Tata Steel paid lower advance tax for the June 15 instalment on a year-on-year basis.
Moreover on a sectoral basis, the advance tax payout of the auto sector for the June 15 instalment has been flat. Maruti Udyog paid Rs 92 crore as advance tax as aginat Rs 95 crore last year followed by Tata Motors paid Rs 30 crore (Rs 30 crore), and Bajaj Auto Rs 50 crore (Rs 50 crore).
However, from the FMCG sector-Hindustan Unilever (Rs 75 crore as against Rs 60 crore) and ITC (Rs 220 crore as against Rs 179 crore). From the telecom sector, BSNL paid Rs 135 crore as advance tax which was much lower than the Rs 312 crore paid last June while Bharti Airtel forked out Rs 100 crore (Rs 72 crore).
From the petroleum sector, Indian Oil Corporation (IOC) and HPCL have this time round paid advance tax of Rs 130 crore and Rs 15 crore respectively. Last year, these two companies did not make any payment for the June 15 instalment.
From the steel sectors SAIL and Tata Steel paid lower advance tax for the June 15 instalment on a year-on-year basis.
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