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Big dip in advance tax payment by PSBs

Manufacturing firms report higher figures for March quarter on early list

BS Reporter  |  Mumbai 

State Bank of India (SBI), the country's largest lender, on Tuesday reported a 60.7 per cent decline in its advance tax payment for the March 2016 quarter. The bank paid Rs 687 crore against Rs 1,749 crore in the corresponding period last year. On the other hand, the largest company by FY15 net profit - Reliance Industries - saw its advance tax outgo increase 39 per cent to Rs 2,215 crore from Rs 1,594 crore in the March 2015 quarter. "From the partial list of advance tax payments that we have seen, we expect this quarter's collection to remain at the same level as in the ...

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Big dip in advance tax payment by PSBs

Manufacturing firms report higher figures for March quarter on early list

Manufacturing firms report higher figures for March quarter on early list State Bank of India (SBI), the country's largest lender, on Tuesday reported a 60.7 per cent decline in its advance tax payment for the March 2016 quarter. The bank paid Rs 687 crore against Rs 1,749 crore in the corresponding period last year. On the other hand, the largest company by FY15 net profit - Reliance Industries - saw its advance tax outgo increase 39 per cent to Rs 2,215 crore from Rs 1,594 crore in the March 2015 quarter. "From the partial list of advance tax payments that we have seen, we expect this quarter's collection to remain at the same level as in the ... image
Business Standard
177 22

Big dip in advance tax payment by PSBs

Manufacturing firms report higher figures for March quarter on early list

State Bank of India (SBI), the country's largest lender, on Tuesday reported a 60.7 per cent decline in its advance tax payment for the March 2016 quarter. The bank paid Rs 687 crore against Rs 1,749 crore in the corresponding period last year. On the other hand, the largest company by FY15 net profit - Reliance Industries - saw its advance tax outgo increase 39 per cent to Rs 2,215 crore from Rs 1,594 crore in the March 2015 quarter. "From the partial list of advance tax payments that we have seen, we expect this quarter's collection to remain at the same level as in the ...

image
Business Standard
177 22