Advance tax mop-up grows 15% in third quarter
Press Trust of India: Mumbai, Dec 16 2012, 01:04 IST
HDFC Bank has paid R1,000 crore in the third quarter of this fiscal against R900 crore in the same period last fiscal. Bank of Baroda paid R550 crore compared to R525 crore last quarter while Central Bank of India paid R120 crore against R104 crore in the year-ago period.
Software major TCS has also seen a major spike in its tax outgo at R810 crore compared to R530 crore, which is a growth of over 50%, while Tech Mahindra has paid R60 crore, which is the same amount it had paid in the year-ago period.
However, the largest steel maker Tata Steel has seen its outgo more than halving to R529 crore against Rs.1,090 crore.
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