« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?  Full List Of Trump's Reciprocal Tariffs Announced Wednesday  Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025  5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025  March 15 is deadline for last advance tax installment: Know if you must pay «  Merger: UWB board to meet again on Sept 26... I-T sees black money in Punjab`s realty... » Got an extra PAN card? Now get an I-T letter September, 21st 2006 The central board of direct taxes (CBDT) has said it was writing letters to persons who have more than one permanent account number (PAN) card, asking them to surrender their additional cards. CBDT spokesperson AK Sinha said there were 13 lakh duplicate PAN cards issued in the country. To a question, he said no decision has been taken on taxing interest earned from deposits in provident funds schemes. Meanwhile, Advance tax paid by corporates and individuals rose 32.6% by mid-September underscoring the robust perforamance of the corporates in the second quarter of the fiscal. "The rise in tax collections is mainly due to strong economic activity and general buoyancy in the economy. All sectors are doing well," said Sinha. Corporates pay 30% of their annual tax bill in September, after having deposited 15 percent in June. They pay another 30% in December and remaining 25% in March. The government and private forecasters expect Asias fourth-largest economy to grow around 8% in March 2007, with stroturing and service sectors driving activity.