Advance tax up marginally by 7.5%, reflects impact of slowdown

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Advance corporate tax collection have shown 7 per cent growth year-on-year. (Reuters) Advance corporate tax collection have shown 7 per cent growth year-on-year. (Reuters)
SummaryAdvance corporate tax collection have shown 7 per cent growth year-on-year.

Rs 1,090 crore.

Among the auto sector, Bajaj Auto has paid Rs 470 crore compared to Rs 450 crore, while Tata Motors has not paid any amount this time around against Rs 60 crore it had paid in the Sept-Dec quarter of last fiscal.

Finance Minister P Chidambaram had earlier said that I-T Department will adopt a non-adversarial approach in realising the direct tax target of Rs 5.70 lakh crore for 2012-13.

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