I-T Dept gets Rs 2,477 cr more from top 90 firms

With the Indian economy regaining its robustness, the Income Tax Department has collected an additional Rs 2,477 crore from the top 90 advance taxpayers in the third quarter (October- December) this financial year.

The total third quarter advance tax paid by these 90 companies stands at Rs 12,881 crore against Rs 10,404 crore in the corresponding period last year, with 61 of them paying more this year compared to the same period last year.

Significantly, 34 of these companies shelled out 100 per cent or more in advance tax during this quarter, an I-T department source said.

The 90 companies have together contributed Rs 33,358 crore to the advance tax kitty for the three quarters so far this financial year against Rs 27,197 crore in the same period last year. Of these, 68 paid a higher total advance tax payment till third quarter, while 22 shelled out a lesser amount.

The exchequer had gained Rs 6,161 crore more from these 90 companies in the three quarters so far, the source said.