In direct tax segment, early reports coming for the period ending September 15 indicate a healthy trend. Data available for PSU banks show SBI has paid Rs 1,832 crore in July-September quarter as against Rs 1,068 crore in the same period last year.
Among other state-owned banks, Bank of India has paid Rs 470 crore as against Rs 230 crore last year, while the Bank of Baroda has paid Rs 412 crore as against Rs 255 crore.
Software sector also looks to be promising with an early recovery. TCS has paid Rs 220 crore advance tax in Q2 as compared to Rs 53 crore in the same period last year.