)
State Bank of India’s advance tax payment for the quarter ending December fell 33 per cent to Rs 1,130 crore from Rs 1,701 crore a year earlier. While YES Bank paid Rs 268 crore (Rs 210 crore last year), HDFC is likely to pay Rs 650 crore (Rs 560 crore last year).
According to television reports, Reliance Industries is likely to pay Rs 1,600 crore of advance tax, compared with Rs 1,535 crore for the corresponding quarter last year.
The reports added Mahindra & Mahindra had seen a 32 per cent fall in advance tax payment at Rs 200 crore, while UltraTech’s advance tax payment stood at Rs 100 crore, compared with Rs 365 crore a year earlier.
It is likely Tata Motors won’t pay anything to the Income Tax Department, while Tata Chemicals is expected to pay Rs 45 crore, against Rs 75 crore last year. Lupin is expected to see a 23 per cent rise in advance tax payout at Rs 160 crore, while NMDC is likely to pay advance tax of Rs 900 crore.
As December 15, the usual deadline for advance tax payments was a Sunday this year, the deadline was extended to December 17.
