<p>The total third quarter advance tax paid by these 90 companies stands at Rs 12,881-crore as against Rs 10,404-crore in the corresponding period last year with 61 of them paying more this year as compared to the same period last year.<br /></p>.<p>Significantly, 34 of these companies shelled out 100 per cent or more in advance tax during this quarter, an Income Tax source told PTI here The 90 companies have together contributed Rs 33,358-crore to the advance tax kitty for the three-quarters so far this fiscal as against Rs 27,197-crore in the same period last fiscal.<br /><br />Of these, 68 paid a higher total advance tax payment till third quarter fiscal year 2010 while 22 shelled out a lesser amount. The exchequer has gained an additional Rs 6,161-crore from these 90 companies in the three-quarters so far, the source said. <br /><br />However, 23 companies including major banks among the top 90 companies, shelled out less than what they had paid in the same period last year. Among the lower tax-payers, contributions of seven saw a decline of more than 50 per cent compared to their year-ago pay-out. Out of the seven, four are from the banking sector and include biggies such as India’s largest private sector bank, ICICI Bank and foreign majors—HSBC, JP Morgan, and Barclays Bank.<br /></p>
<p>The total third quarter advance tax paid by these 90 companies stands at Rs 12,881-crore as against Rs 10,404-crore in the corresponding period last year with 61 of them paying more this year as compared to the same period last year.<br /></p>.<p>Significantly, 34 of these companies shelled out 100 per cent or more in advance tax during this quarter, an Income Tax source told PTI here The 90 companies have together contributed Rs 33,358-crore to the advance tax kitty for the three-quarters so far this fiscal as against Rs 27,197-crore in the same period last fiscal.<br /><br />Of these, 68 paid a higher total advance tax payment till third quarter fiscal year 2010 while 22 shelled out a lesser amount. The exchequer has gained an additional Rs 6,161-crore from these 90 companies in the three-quarters so far, the source said. <br /><br />However, 23 companies including major banks among the top 90 companies, shelled out less than what they had paid in the same period last year. Among the lower tax-payers, contributions of seven saw a decline of more than 50 per cent compared to their year-ago pay-out. Out of the seven, four are from the banking sector and include biggies such as India’s largest private sector bank, ICICI Bank and foreign majors—HSBC, JP Morgan, and Barclays Bank.<br /></p>