India Inc Q4 advance tax nos a mixed bag

The market has been abuzz with the January-March quarter advance tax payment numbers of top Indian firms that have been trickling in.

According to government sources, the income tax department is expecting healthy advance tax payment from auto and manufacturing sector and weaker payment from foreign banks and oil marketing companies (OMCs) on a year-on-year (YoY) basis.

Here is an update:

Banking sector:
• State Bank of India pays Rs 1,857 crore versus Rs 1,810 crore
• Dena Bank pays Rs 30 crore versus Rs 75 crore
• ICICI Bank pays approx Rs 350 crore versus Rs 250 crore
• Central Bank of India pays Rs 250 crore
• NABARD pays Rs 150 crore
• Kotak Mahindra Bank pays Rs 80 crore versus Rs 45 crore
• Bank of Baroda pays Rs 300 crore versus Rs 280 crore
• Union Bank of India pays Rs 185 crore versus Rs 353 crore
• HSBC pays Rs 190 crore versus Rs 350 crore
• Barclays Banks pays Rs 25 crore versus Rs 95 crore
• Bank of Nova Scotia pays Rs 36 crore versus Rs 50 crore
• Yes Bank pays Rs 730 million versus Rs 490 million
• Bank of India pays Rs 1 billion versus Rs 5.9 million

Heavyweights:
• Reliance Industries (RIL) pays Rs 770 crore versus Rs 365 crore
• Tata Steel pays Rs 513 crore versus Rs 406 crore
• L&T pays Rs 270 crore versus Rs 275 crore
• TCS pays Rs 178 crore versus Rs 53 crore
• Bajaj Auto pays Rs 177 crore versus Rs 60 crore
• M&M pays Rs 235 crore versus nil
• Tata Motors pays Rs 115 crore versus nil
• Infosys pays Rs 250 crore versus Rs 125 crore
• Welspun Gujarat pays Rs 60 crore versus Rs 10 crore
• Shriram Transport Finance pays Rs 139 crore versus Rs 74 crore
• Ambuja Cement pays Rs 120 crore versus Rs 125 crore
• ACC pays Rs 330 crore versus Rs 340 crore
• Castrol pays Rs 40 crore versus Rs 37 crore
• India Infoline pays Rs 20 crore versus Rs 7 crore
• Asian Paints pays Rs 60 crore versus 43 crore
• Lupin pays Rs 25 crore versus Rs 6.8 crore
• Bajaj Holdings pays Rs 35 crore versus Rs 10 crore
• Sterlite Tech pays Rs 15 crore Rs 2 crore
• Shipping Corp pays Rs 10 crore versus Rs 11.9 crore
• CLSA pays Rs 20 crore versus Rs 2.9 crore
• Zee Entertainment pays Rs 97 crore versus Rs 109 crore
• ITC pays Rs 624 crore
• HUL pays Rs 170 crore versus Rs 130 crore
• LIC pays Rs 864 crore versus Rs 810 crore
• MRPL pays Rs 180 crore versus Rs 92 crore
• Lafarge India Cement pays Rs 55 crore
• Bajaj Electricals pays Rs 19 crore
• Idea Cellular pays Rs 30 crore
• Gwalior Chemicals pays Rs 10 crore
• Nuclear Power Corporation pays Rs 40 crore
• Abott India pays Rs 9 crore
• Shree Cements pays Rs 82 crore versus Rs 46 crore
• Hindalco pays Rs 850 million versus Rs 700 million
• GlaxoSmithKline pays Rs 66 crore versus Rs 56 crore

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd