Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: empanelment :: VAT Audit :: VAT RATES :: list of goods taxed at 4% :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS
 
 
News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

State Bank leads tax remittance chart again
September, 23rd 2006
The State Bank of India (SBI) has once again topped the chart of the largest tax paying corporates from the Mumbai circle of the Income-tax department, which usually accounts for about 40% of the all India direct tax collection. SBI paid Rs 863 crore advance tax in the period ending on September 15 against the Rs 563 crore paid during the corresponding period last fiscal. Petrochemical behemoth Reliance Industries, ICICI, HDFC, Gujarat Ambuja are among the corporate who have remitted tax considerably higher than the last fiscal. Life Insurance Corporation (LIC), remitted Rs 640 crore. RIL remitted Rs 425 crore as against Rs 225 crore remitted last year. ICICI remitted Rs 446 crore against Rs 253 crore last year while HDFC paid Rs 160 crore, which is Rs 40 crore more than the last years remittance. Bajaj Auto raised its bar from last years Rs 110 crore to Rs 125 crore this year. Gujarat Ambuja remitted Rs 120 crore while BPCL made a formidable Rs 105 crore. Advance taxes are paid in four instalments, in June (15%), September(30%),December (30%) and March (25%). Though, in many cases, the final remittance may vary from the trend seen in the first two instalments, the advance tax figures provide a fairly good indication of the tax payable by a corporate by the end of the fiscal. The all-India projection of corporate tax collection during April-September period was Rs 30,000 crore while the figure for the personal income tax collection stood at Rs 15,000 crore. The tax department has already collected Rs 50,000 crore, surpassing the expectation. The buoyancy in the economy, the higher margins being registered by most corporate and the stock market, are expected to aid the taxmen in crossing the targets fixed for this fiscal. The all India projection for the current fiscal is over Rs 2,10,000 crore of which Rs 69,000 crore are expected to be collected from Mumbai.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions