Advance tax mop-up rises only 6% in Q4

Corporate tax payment growth in March quarter is typically in double digits

This report has been revised to incorporate a clarification from State Bank of India

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India’s top 100 companies paid six per cent more advance tax in the March quarter than they did a quarter ago. 

Of these, 43 companies contributed Rs 29,239 crore, according to the income tax (I-T) data, which is a reflection of corporate India’s financial health.

The advance tax paid by the same 43 companies in the December quarter was Rs 27,584 crore. The March 2017 figures are around eight per cent higher than those of March 2016.

“Advance tax collections from the top companies were