Advance tax

Salman Khan leaves colleagues behind, leads advance taxpayers list

Salman Khan leaves colleagues behind, leads advance taxpayers list

On the other hand, ace comedian Kapil Sharma reportedly paid an advance tax of Rs 23.9. The report further states that Deepika Padukone paid an advance tax of Rs 10.25 crore, all thanks to her Hollywood debut and global recognition.

Mar 22, 2017, 11:43 AM IST

Advance tax: SBI, ICICI see sharp fall; LIC, RIL pay more

Traditionally big taxpayers like large banks failed to cheer taxmen with their second quarter advance tax payouts, but others including steel and cement companies have done comparatively better, helping the department remain hopeful of meeting the annual target.


Sep 15, 2016, 21:13 PM IST

SBI Q1 advance tax outgo rises 4% to Rs 1,290 cr

The country's largest lender State Bank of India Monday paid Rs 1,290 crore as the advance tax for the first quarter of the current fiscal, a rise of 4 percent over the same period last year.

Jun 15, 2015, 22:57 PM IST

HDFC Q1 tax out go up 12% at Rs 465 crore

Mortgage major HDFC Monday reported 12 percent increase in its advance tax outgo to Rs 465 crore for the first quarter of the current fiscal.

Jun 15, 2015, 19:14 PM IST

Advance tax: SBI pays 23% more at Rs 1794 cr, LIC outgo up 15%

A clutch of financial institutions, including SBI, LIC and HDFC, have showed double digit growth in terms of advance tax payments for March quarter, say industry sources.

Mar 16, 2015, 19:28 PM IST

Q1 liquidity position comfortable: FinMin report

The liquidity position during the April-June quarter has been comfortable, barring the period of advance tax outflow, according to a government report.

Aug 28, 2014, 22:29 PM IST

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

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.

Mar 18, 2014, 23:04 PM IST

Last date for advance tax payments extended to March 18

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.

Mar 14, 2014, 19:52 PM IST

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

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.

Dec 21, 2013, 15:39 PM IST

RBI designates 29 bank branches to collect advance income tax

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.

Nov 18, 2013, 15:14 PM IST

Q2 advance tax payout of top 100 companies sees muted growth

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.

Sep 16, 2013, 15:53 PM IST

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

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

Sep 14, 2013, 19:12 PM IST

Banks open on Saturday and Sunday for acceptimg advance tax

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

Sep 14, 2013, 15:48 PM IST

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

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.

Sep 13, 2013, 21:28 PM IST

Cos paying over Rs 10 cr advance tax may be asked to join LTU

Government is considering making it mandatory for companies paying advance tax of over Rs 10 crore annually to register with the LTU (Large Taxpayers Unit), a move likely to augment and streamline tax collection.

Jun 23, 2013, 17:54 PM IST

35,000 tax notices on way; FM asks defaulters to clear dues

The action of the tax authorities come on top of notices sent to 70,000 assessees recently for recovery of tax dues to shore up revenues which it is feared may fall short of the budget estimates in the current financial year.

Mar 14, 2013, 16:43 PM IST

Advance tax collection up 10.44% in December

The third instalment of the Advance Tax collection recorded a growth of 10.44 percent to Rs 78,226 crore, finance ministry said Monday.

Dec 24, 2012, 16:07 PM IST

Advance tax up marginally by 7.5%; reflects impact of slowdown

Advance tax collection registered a marginal increase of 7.5 percent in the third quarter to Rs 78,000 crore, reflecting the impact of slowing economy.

Dec 23, 2012, 11:18 AM IST

Less than 3% file income tax return in India

Only 3.5 crore people, or 2.89 percent of the country's total population of more than 121 crore, file income tax return in India, Finance Minister P. Chidambaram said Wednesday.

Dec 19, 2012, 19:53 PM IST

Advance tax mop-up grows 15% in Q3; LIC, ICICI Bank, HDFC lead

The growth chart is led by the largest financial institution LIC which has paid 10 percent more at Rs 1,297 crore in advance tax payout for the third quarter compared to Rs 1,166 crore in the same period a year ago.

Dec 15, 2012, 18:38 PM IST

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