The first cut figures of advance tax from Indian companies show receipts have risen by over 15%, quite near the government estimate of a 18 % rise for 2010-11.

While most income tax offices were updating the records of tax payments on Tuesday, the last date for companies to submit their first installment of advance tax, they expect the figures to shoot up by the end of the week.

The initial trends show tax receipts from the manufacturing sector has risen, whereas the banking sector, which negotiated a bleak 2009-10, is still circumspect about the new fiscal.

State Bank of India, which figures among the top ten tax payers of the country, has paid Rs 869 crore for the June-quarter, down from Rs 1,068 crore a year ago. But Reliance Industries has paid Rs 653 crore, more than double the Rs 314 crore it paid in the corresponding period of last year. ?SBI, along with other banks like Bank of India and Citibank, paid lower amount in advance tax in the first quarter while ICICI Bank maintained status-quo,? an income tax source said. While Bank of India shelled out only Rs 158 crore against Rs 231 crore it paid last year, Citibank paid only Rs 100 crore compared to Rs 180 crore last year in the same period.

Another big private sector bank HDFC has shelled out Rs 315 crore for this quarter against Rs 250 crore it paid in the year-ago period while Bank of Baroda paid marginally higher amount at Rs 225 crore as against Rs 210 crore it paid in the same period.

Union Bank has made a payment of Rs 168 crore as against Rs 104 crore while the Central Bank of India has made a payment of Rs 150 crore as against Rs 85 crore. Private lenders like Kotak Mahindra and Yes Bank and state-run lenders such as IDBI Bank and Dena Bank too have performed well according to the patterns of their advance tax payment during this quarter.

Kotak Mahindra and Dena Bank have paid Rs 45 crore each for this quarter as against their earlier payment of Rs 30 crore and Rs 36 crore, respectively.

Among the automobile majors, Bajaj Auto and Mahindra & Mahindra have come out with stellar performances in advance tax payment during the first quarter while Tata Motors has paid less than what it had paid in the year-ago period, according to income tax sources.

?Both M&M and Bajaj Auto have recorded over 100 % growth in advance tax this quarter which shows their profitability while Tata Motors has recorded a drop in advance tax payment,? a source said. Bajaj Auto shelled out Rs 110 crore for this quarter as against Rs 50 crore it paid in the last fiscal same period while M&M made a payment of Rs 63 crore against Rs 17 crore in the year-ago period. Tata Motors has paid Rs 60 crore for this quarter as compared to Rs 70 crore it paid last year.