Sunday, June 19, 2011

The highest advance tax payers in India - Rediff.com Business

The highest advance tax payers in India - Rediff.com Business: "Advance tax pay-up by India Inc presents a rosy picture, despite a massive fall in April IIP numbers and a likely fall in the remaining months of Q1; with the largest lender SBI leading the pack with Rs 1,100 crore (Rs 11 billion) against Rs 850 crore (Rs 8.50 billion) in the year-ago period.

Income Tax department sources said on Wednesday that oil and gas major RIL has paid Rs 900 crore (Rs 9 billion) in the first quarter of this fiscal, up nearly 50 per cent from Rs 650 crore (Rs 6.50 billion) in the same quarter previous fiscal."

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