 "State Bank's advance tax for March quarter down 12%")
The bank paid Rs 550 crore as advance tax this quarter against Rs 425 crore paid in the same period last year. Yes Bank also did well by paying Rs 165 crore against Rs 110 crore, 50% more. And Standard Charterd bank, a foreign bank paid 10% higher at Rs 475 crore against Rs 435 crore last March.
ITC clocked in the lowest increase in advance tax collection at Rs 675 crore. It is a 2% increase over corresponding quarter of last year.
The automobile slump also took its toll. Bajaj Auto paid little over 2% higher tax. It paid Rs 300 crore against Rs 293 crore last March while M&M did slightly better. It paid Rs 205 crore against Rs 178 crore, nearly 15% more.
ACC paid 50% more, shelling out Rs 227 crore against Rs 149 crore.
| Company | Advance Tax as on March 15, 2013 | Advance Tax paid in 2012 |
| LIC | Rs 1,080 crore | Rs 971 crore |
| Bank of Inida | Rs 790 crore | Rs 400 crore |
| HDFC Bank | Rs 700 crore | Rs 600 crore |
| Nabard | Rs 620 crore | Rs 100 crore |
| TCS | Rs 600 crore | Rs 545 crore |
| ICICI Bank | Rs 550 crore | Rs 425 crore |
| Citibank | Rs 525 crore | Rs 500 crore |
| HDFC Limited | Rs 475 crore | Rs 400 crore |
| HSBC | Rs 402 crore | Rs 450 crore |
| Ambuja Cement | Rs 280 crore | Rs 250 crore |
| IDBI Bank | Rs 265 crore | Rs 190 crore |
| HUL | Rs 240 crore | Rs 200 crore |
| Deustche Bank | Rs 221 crore | Rs 300 crore |
| M&M | Rs 205 crore | Rs 178 crore |
| Nuclear Power Corporation of India | Rs 166 crore | Rs 113 crore |
| Kotak Mahindra Bank | Rs 160 crore | Rs 122 crore |
| Central Bank of India | Rs 151 crore | Rs 100 crore |
| J P Morgan Chase | Rs 151 crore | Rs 97 crore |
| Dena Bank | Rs 150 crore | Rs 115 crore |
| Exim Bank | Rs 133 crore | Rs 114 crore |
| M&M Financial Services | Rs 115 crore | Rs 75 crore |
| General Insurance Corporation of India | Rs 110 crore | -.n.a.- |
| IndusInd Bank | Rs 105 crore | Rs 90 crore |
| Bank of America | Rs 103 crore | Rs 73 crore |
| Hindalco | Rs 95 crore | Rs 145 crore |
| Grasim | Rs 90 crore | Rs 90 crore |
| Bennett Coleman & Co Ltd | Rs 60 crore | Rs 70 crore |
| DBS Bank | Rs 50 crore | Rs 94 crore |
| Reliance Industries Ltd | Rs 1,034 crore | Rs 1,130 crore |
| Bank of Baroda | Rs 350 crore | Rs 410 crore |
Information Technology major TCS has declared that it has paid Rs 600 crore as advance tax for the quarter January-March 2013, nearly 10% more than the previous quarter. Last year for the March quarter, the company had paid Rs 545 crore as advance tax, according to information available from the Income Tax department here.
State Bank of India has paid Rs 1,450 crore as foruth instalment of advance tax for FY13. During the period income tax paid at its foreign offices was Rs 160 crore.
Advance tax paid in aggregate in Indian offices during the year is Rs 6,144 crore. With Rs 736 crore paid at its foreign offices, total tax paid during the year is Rs 6,880 crore across all its territories.