India Inc Advance Tax Payment - Q2 FY 2014

India Inc preliminary advance tax payment data for second quarter of FY 2013 - 2014 suggest 7 to 8 percent growth compared to last year. While the pressure points are clearly visible in PSU banking and cement companies, Technology, private sector banks and consumer companies seems to be doing well. 

India Inc Advance Tax Payment - Q4 2013

Q4 2013 Advance Tax payment figures for some of the top companies in India

Company	Advance Tax as on March 15, 2013	Advance Tax paid in 2012
LIC	Rs 1,080 crore	Rs 971 crore
Bank of Inida	Rs 790 crore	Rs 400 crore
HDFC Bank	Rs 700 crore	Rs 600 crore
Nabard	Rs 620 crore	Rs 100 crore
TCS	Rs 600 crore	Rs 545 crore
ICICI Bank	Rs 550 crore	Rs 425 crore
Citibank	Rs 525 crore	Rs 500 crore
HDFC Limited	Rs 475 crore	Rs 400 crore
HSBC	Rs 402 crore	Rs 450 crore
Ambuja Cement	Rs 280 crore	Rs 250 crore
IDBI Bank	Rs 265 crore	Rs 190 crore
HUL	Rs 240 crore	Rs 200 crore
Deustche Bank	Rs 221 crore	Rs 300 crore
M&M	Rs 205 crore	Rs 178 crore
Nuclear Power Corporation of India	Rs 166 crore	Rs 113 crore
Kotak Mahindra Bank	Rs 160 crore	Rs 122 crore
Central Bank of India	Rs 151 crore	Rs 100 crore
J P Morgan Chase	Rs 151 crore	Rs 97 crore
Dena Bank	Rs 150 crore	Rs 115 crore
Exim Bank	Rs 133 crore	Rs 114 crore
M&M Financial Services	Rs 115 crore	Rs 75 crore
General Insurance Corporation of India	Rs 110 crore	-.n.a.-
IndusInd Bank	Rs 105 crore	Rs 90 crore
Bank of America	Rs 103 crore	Rs 73 crore
Hindalco	Rs 95 crore	Rs 145 crore
Grasim	Rs 90 crore	Rs 90 crore
Bennett Coleman & Co Ltd	Rs 69 crore	Rs 70 crore
DBS Bank	Rs 50 crore	Rs 94 crore
Reliance Industries Ltd	Rs 1,034 crore	Rs 1,130 crore
Bank of Baroda	Rs 350 crore	Rs 410 crore

Q2 FY 2012 - 2013 Advance Tax Payment by India Inc.

Advance tax numbers provides good indications of what lies ahead for companies as far as quarterly results are concerned. 

Here is the list of top companies in India with their second quarter 2012 advance tax payment figures (all in crores)

India Inc Advance Tax payment for Q2 worrisome

Advance Tax payment for the July-Sep quarter of current fiscal by top 100 Corporates in India stood at Rs 31,707 crores vis-a-vis Rs. 28,863 crores in the same quarter of last fiscal, a growth of just 9.9 percent year on year.

Advance tax payment in the first half of current fiscal stood at Rs.48,054 crores against Rs.42,898 crores last year, a growth of 12% YOY.

India Inc Advance Tax Numbers (Apr - june 2011)

Advance tax pay-up by India Inc presents a rosy picture, despite a massive fall in April IIP numbers. IDBI Bank saw the highest increase in tax outgo in terms of percentage over previous year. Following is the table listing the companies advance tax data compared with the previous year.

TCS pays Rs 240 Crore advance tax in Q1 FY-12

India's largest software exporter TCS saw its tax bill nearly doubling to Rs 240 crore in the reporting period from Rs 128 crore in the year-ago quarter. This could partly be because of end of STPI tax holiday which became effective from 1st April 2011 and partly because of superior performance expected in the current quarter.

RIL Q1 Advance Tax Payment

I-T department sources said today that oil and gas major RIL has paid Rs 900 crore in the April-June, 2011 period, up nearly 50% from Rs 650 crore in the same quarter previous fiscal. A 50% rise in advance tax payment holds the hope that RIL might do better than expected result in Q1 of fiscal year 2012.

RIL has been an underperformer in last few trading sesions and has fallen to 900 levels from 950 odd levels in 4 trading sessions. RIL has strong support at 850-900 band and many brokerages have given buy rating on the stock in that band for a 1 year target of 1100.

http://investorzclub.blogspot.com/2011/05/buy-reliance-industries-recommends.html.