« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Bonds take hit as tax outflow drains cash... Service tax refund fails to cheer exporters... » Advance tax figures signal rising earnings September, 19th 2007 The first stream of advance tax figures has signalled improved earnings by several corporates during the second quarter, but it did little to cheer the market. State Bank of India, the countrys largest bank, continues to remain the top taxpayer, going by available figures. SBI, ICICI Bank, Reliance Industries and Gujarat Ambuja have been figuring among the top 10 tax payers in the country for the past two years. SBI has paid Rs 1,050 crore in the June-September quarter, which is nearly 50% more than the tax paid during the corresponding period last year. The figure last year was Rs 863 crore. Last financial year, it had paid Rs 3,103 crore. Advance taxes are paid in four installments in June, September, December and March. The June and September installments usually constitute about 15% and 25% respectively of the total advance tax payable in a fiscal. Reliance Industries, which paid Rs 650 crore in the June-September 2007 period has been among the top taxpayers in the country for some time. For long, it was a zero-tax company, thanks to diligent tax planning that included investment in infrastructure projects. Today, it figures among the top 10 tax paying companies. The tax outgo during the June-September period last year was about Rs 450 crore. Indias second largest bank ICICI Bank has paid Rs 450 crore advance tax for the June-September 2007 period. The company had paid the same amount for the corresponding period last year. ICICI Banks total outgo for the last financial year was estimated at Rs 984 crore. Auto major Bajaj Auto, which paid Rs 505 crore last year, paid Rs 120 crore for the second quarter of the current fiscal. The company has paid Rs 102 crore as the first installment during the quarter ending June 15, 2007. Century Textiles figure for the June-September 2007 is Rs 38 crore. The company paid Rs 34 crore for the April-June period 2007. Its total outgo last fiscal was about Rs 98 crore.