Advance Tax Collections Up by 10.44% For The December Quarter
DSIJ Intelligence / 26 Dec 2012
In the third quarter of the present fiscal the advance tax collections are up by 10.44% on a YoY basis.
Advance taxes paid by the company are seen as the precursor to the results season that are slated to begin next month for the third quarter of the present fiscal. Advance tax is filed by the companies in four tranches. In Q1 the companies pay 15%, in the second and third they pay 30% each and in the last quarter they pay the rest 25% of their annual tax liability. The advance tax can be considered as a mirror of the performance of the company, which means that lower collection means that there will be an adverse effect on the profitability of the company.
In the third quarter of the present fiscal the advance tax collections are up by 10.44% on a YoY basis. Till 20th December as per data available on the website of the Finance Ministry, the total collections stands at Rs 78226 crore as against Rs 70826 crore during the corresponding period of last year.
For the fiscal 2012-13, the overall growth in the advance tax collection is also healthy. It has witnessed a growth of 7.52% on a YoY basis from 1st April 2012 to 20th December 2012. It includes corporation tax growth rate of 7% and personal Income Tax growth rate of 12.3%.
Below mentioned are list of companies that has filed their advance tax for the December quarter 2012.
| Company name | Q3 FY13 | Q3 FY12 | % Change |
|---|---|---|---|
| Bayer Crop | 220 | 15 | 1,366.67 |
| Lupin | 133 | 43 | 209.30 |
| JSW Steel | 130 | 50 | 160.00 |
| HUL | 450 | 290 | 55.17 |
| Union Bank | 341 | 221 | 54.30 |
| Colgate | 60 | 39 | 53.85 |
| ICICI | 675 | 500 | 35.00 |
| Ambuja Cement | 150 | 113 | 32.74 |
| Cipla | 125 | 95 | 31.58 |
| Yes Bank | 210 | 160 | 31.25 |
| LIC HF | 113 | 91 | 24.18 |
| ACC | 112 | 95 | 17.89 |
| Central Bank | 120 | 102 | 17.65 |
| TCS | 620 | 530 | 16.98 |
| HDFC Bank | 1000 | 900 | 11.11 |
| RIL | 1100 | 1000 | 10.00 |
| GSK Pharma | 90 | 84 | 7.14 |
| Bajaj Auto | 470 | 450 | 4.44 |
| Tech Mah. | 60 | 60 | 0.00 |
| SBI | 1701 | 1730 | -1.68 |
| Tata Chemical | 70 | 72 | -2.78 |
| Bank Of India | 120 | 125 | -4.00 |
| L&T | 333 | 350 | -4.86 |
| Ultratech Cement | 250 | 320 | -21.88 |
| Tata Steel | 529 | 1090 | -51.47 |
| Siemens | 19 | 70 | -72.86 |
| Tata motor | 0 | 60 | -100.00 |
| Bank Of baroda | 550 | NA | |
| BPCL | 201 | 0 | |
| Coal India | 75 | NA | |
| HDFC | 560 | NA | |
| JSW Energy | 73 | NA | |
| UCO Bank | 98 | NA | |
| Voltas | 25 | 0 |
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