Two companies saw the highest growth in terms of advance tax payout. Financial services company HDFC more than trebled its payout, while diversified conglomerate Reliance Industries saw the tax outgo nearly treble for the quarter (see chart).
ICICI Bank has paid Rs 250 crore, compared to Rs 125 crore in the year-ago quarter. However, Tata Steel's advance tax payment declined to around Rs 300 crore, 14 per cent lower than the same quarter last year.
Tata Motors also saw a decline with payout at Rs 75 crore over Rs 190 crore in the same quarter last year.
Source
ICICI Bank has paid Rs 250 crore, compared to Rs 125 crore in the year-ago quarter. However, Tata Steel's advance tax payment declined to around Rs 300 crore, 14 per cent lower than the same quarter last year.
Tata Motors also saw a decline with payout at Rs 75 crore over Rs 190 crore in the same quarter last year.
Source
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