India Inc pays higher Q1 advance tax:UTVi

India Inc pays higher Q1 advance tax

India Inc today reported higher advance tax numbers for the first quarter of the current fiscal (Q1FY09).

ICICI Bank reported a 36% increase in advance tax payment at Rs 340 crore for Q1FY09 when compared with Rs 250 crore paid in the first quarter of the previous fiscal (Q1FY08).

SBI reported a 32% increase in advance tax payment at Rs 663 crore for Q1FY09 when compared with Rs 503 crore paid in Q1FY08.

IDBI advance tax payment was up 43% at Rs 10 crore for Q1FY09 as against Rs 7 crore paid in Q1FY08. Bank of Baroda has paid Rs 140 crore.

Reliance Industries has paid an advance tax of Rs 340 crore for Q1FY09 when compared with Rs 295 crore paid for Q1FY08.

While Ambuja Cements paid an advance tax of Rs 100 crore, Bajaj Buto paid a lower advance tax of Rs 50 crore for Q1FY09 when compared with Rs 60 crore paid for Q1FY08.

HDFC has paid an advance tax of Rs 140 crore for Q1FY09 when compared with Rs 95 crore in Q1FY08. Tata Motors has paid an advance tax of Rs 30 crore.

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Source: UTVi.com