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Advance tax: Banks, cement cos falter, but IT firms payout up

Last Updated: Tuesday, March 18, 2014, 23:04

The ongoing gloom on economic front has led to concerns on advance tax collections from banking and cement sectors, but information technology companies seem to be delivering well, Income tax officials said Tuesday.

SBI pays Rs 1456-cr advance tax for March quarter

Last Updated: Tuesday, March 18, 2014, 13:35

The lender, which controls nearly a fourth of the total banking assets, had paid Rs 1,450 crore as advance tax for the March quarter last fiscal.

Last date for advance tax payments extended to March 18

Last Updated: Friday, March 14, 2014, 19:52

The government on Friday extended the last date for payment of final installment of advance tax for financial year 2013-14 to March 18 from March 15 earlier.

Net direct tax collection up 13.7% till Dec 20 in FY'14

Last Updated: Saturday, December 21, 2013, 15:39

Amidst a slowdown in the economy, the net direct tax collection has risen by 13.7 percent to Rs 4.12 lakh crore till December 20 of current fiscal.

SBI advance tax payment down 33% at Rs 1130 cr; HDFC up 16%

Last Updated: Monday, December 16, 2013, 16:25

The bank paid Rs 1,130 crore as against Rs 1,701 crore in the corresponding period last fiscal, it said in a statement.

RBI designates 29 bank branches to collect advance income tax

Last Updated: Monday, November 18, 2013, 15:14

Reserve Bank has designated 29 bank branches, including public and private banks to collect income tax payment in advance of the due date to avoid last minute rush towards March-end.

Q2 advance tax payout of top 100 companies sees muted growth

Last Updated: Monday, September 16, 2013, 15:53

In line with macro environment, the advance tax collections from the top-100 corporates from the financial capital showed a muted growth for the September quarter, with the outgoes increasing by only up to 8 percent, a senior official said Monday.

Banks open today for accepting advance tax

Last Updated: Sunday, September 15, 2013, 08:14

The Reserve Bank has designated bank branches of State Bank of India, public sector bank branches, HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank and Kotak Mahindra Bank to collect advance tax payments.

RBI opens spl 2-day MSF window to meet advance tax demand

Last Updated: Saturday, September 14, 2013, 19:12

The MSF window will be open today between 5 pm and 5.30 pm and funds will be repayable on September 16.

Banks open on Saturday and Sunday for acceptimg advance tax

Last Updated: Saturday, September 14, 2013, 15:48

Corporates can pay their first quarter advance tax on Saturday, Sunday and on Monday at the designated bank branches, an official statement said.

Banks to remain open on Sep 14, 15 for advance tax collection

Last Updated: Friday, September 13, 2013, 21:28

Reserve Bank Friday said bank branches would work full time this Saturday and Sunday to facilitate receipt of advance tax challans for income tax and corporate tax from the public.

Banks open this Saturday, Sunday to collect quarterly advance tax

Last Updated: Thursday, September 12, 2013, 20:51

The Reserve Bank has designated bank branches of State Bank of India, public sector bank branches, HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank and Kotak Mahindra Bank to collect advance tax payments.