SBI pays less advance tax in Q3

December 15, 2012 12:32 am | Updated 12:32 am IST - MUMBAI:

State Bank of India has paid marginally lower advance tax in the third quarter at Rs.1,701 crore against Rs.1,730 crore in the corresponding period last year, tax officials said on Friday.

Bank of India paid Rs.120 crore in the reported quarter against Rs.125 crore.

Bank of Baroda and Central Bank, however, paid higher advance tax. While Bank of Baroda paid Rs.550 crore (Rs.525 crore), Central Bank paid Rs.120 crore (Rs.104 crore).

HDFC paid Rs.560 crore in advance tax (Rs.475 crore), up 18 per cent over the corresponding quarter, they said.

Although the deadline for filing advance tax returns is December 15, some companies opted to make the payment on Friday due to week-end consideration.

LIC Housing Finance is understood to have paid Rs.113 crore (Rs.91 crore).

Larsen & Toubro paid Rs.333 crore (Rs.350 crore) while Aditya Birla Group company Ultratech paid Rs.250 crore (Rs.320 crore).

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