Advance Tax Collection so far:-
The Advance Tax payments for Q4FY09 started coming in from 16 Mar, 2009 and still we have around a week for more numbers. This is a compilation of figures so far along with highlights:-
- Q4 Adv Tax collection from 50 big corporate up 10.54% at Rs 16,252.48-crore Vs Rs 14,703.19 crore a year ago.
- For the entire 2008-09, Adv Tax Collection from 50 big corporate up 11.36% at Rs 59,441.86 crore Vs Rs 53,378.92 crore a year ago.
- ONGC highest tax payer in Q4 as well as entire fiscal, pays 0.48% more tax at Rs 2,102 crore in Q4, but just Rs 7,558 in the entire fiscal, down 8.99% from Rs 8,305 crore.
- 18 out of 50 big corporate tax payers contributed less to the Government kitty this fiscal compared to Q4 payments in the last fiscal. Firms that paid less Adv Tax compared to last year - Reliance Industries, SAIL, NTPC, BHEL, ITC, GAIL, Standard Chartered Bank, HDFC, Sesa Goa, NABARD, NALCO, Infosys Technologies, Hindustan Zinc, Deutsche Bank, Corporation Bank, Maruti Udyog, MRPL and Hindalco
- Even as many players in the banking sector paid handsome advance tax in the fourth quarter, Corporation Bank paid just Rs 2 crore against Rs 110 crore in the previous Q4.
- Net Direct Tax collection up to March 17 this year stood at about Rs 3,12,800 crore, surpassing the net collection of Rs 3,12,202 crore last fiscal. Going by this collection trend, the Centre is well on course to exceed the revised estimate of Rs 3,45,000 crore for 2008-09.
Large payers (In Rs Crores):-
| Company | Q4 Adv Tax | % Change |
| ONGC | 2102 | 0.50 |
| SBI | 1810 | 27.60 |
| Citibank | 1010 | 178.20 |
| SAIL | 849 | -30.90 |
| LIC | 810 | 23.30 |
| NTPC | 681 | -15.70 |
| Bank India | 590 | 208.90 |
| PNB | 475 | 90.00 |
| Tata Steel | 406 | 35.30 |
| BHEL | 400 | -33.30 |
| Reliance Ind | 365 | -17.60 |
| HSBC | 350 | 29.60 |
| ACC | 319 | 36.90 |
| BankBaroda | 280 | NA |
| LT | 275 | 61.76 |
| HDFC Bank | 275 | 10.00 |
| Union Bank | 253 | 94.60 |
| ICICI Bank | 250 | 0.00 |
| HDFC | 240 | -42.90 |
| PFC | 173 | 1158.91 |
| StanChart | 165 | -19.50 |
| Infosys | 150 | -16.67 |
| IOC | 150 | -86.80 |
| Deutsche | 140 | -13.00 |
| HUL | 130 | 30.00 |
| ITC | NA | -28.99 |
| GAIL | NA | -66.67 |
| Sesa Goa | NA | -43.79 |
| Hind Zinc | NA | -75.00 |
Others:-
| Company | Q4 Adv Tax | % Change |
| Barclays | 85 | 142.90 |
| Dena Bank | 75 | 50.00 |
| Tata Chem | 75 | -16.67 |
| Hindalco | 70 | -53.33 |
| Grasim | 65 | -76.79 |
| GSK Pharma | 56 | 0.00 |
| TCS | 53 | -54.31 |
| Yes Bank | 49 | 71.93 |
| Ultratech Cemco | 47 | -69.68 |
| LIC Hsg Fin | 46 | 53.33 |
| Kotak Mah Bank | 45 | NA |
| Maruti | 38 | -82.04 |
| Tech Mah | 35 | Prev 0 |
| Cipla | 28 | 86.70 |
| Indus Ind | 27 | 42.11 |
| Parle | 25 | 66.70 |
| Aventis | 16 | 10.30 |
| SCI | 12 | NA |
| Tata Power | 7 | -83.72 |
| M&M | 0 | Prev 116 |
| BPCL | 0 | Prev 240 |
| Tata Motors | 0 | Prev 75 |
(NA: Figures Not Available)
Direct tax mop-up surpasses previous fiscal’s collections http://www.
Advance tax kitty up 18% http://timesofindia.
Advance tax from top 50 firms up 10.5% in Q4 http://www.business-standard.
No comments:
Post a Comment