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Automobile, IT firms lead in advance tax collection
Sharp growth in advance tax payment by India Inc has been led mainly by automakers and technology giants including Maruti Suzuki, Hero MotoCorp, Tata Consultancy (TCS), and Infosys.
These four companies reported a jump between 44 per cent and 200 per cent in the April-June quarter of this financial year on account of a low base. Financial institutions such as