India Advance Tax Numbers

Fourteen firms which reportedly paid higher advance tax in Q2 September 2009 rose by 0.30% to 1.65% on hopes these firms may report higher earnings in Q2 September 2009.

Tax collection in the second quarter is significant, since companies or banks pay almost 45% of the total annual tax payable. The first quarter accounts for 15%.

Reliance Industries rose 0.30% to Rs 2186.70. The company is reported to have paid 69.4% higher advance tax to Rs 1157 crore in the second installment of 15 September 2009 over the second installment of 15 September 2008

Larsen & Toubro rose 0.94% to Rs 1644.75. The company is reported to have paid 40% higher advance tax at Rs 210 crore in the second installment

HDFC Bank rose 0.77% to Rs 1525. The company is reported to have paid 34.92% higher advance tax at Rs 425 crore

State Bank of India rose 1.21% to Rs 2033.50. The company is reported to have paid 22.53% higher advance tax to Rs 1838 crore

Mahindra & Mahindra rose 1.64% to Rs 856.40. The company is reported to have paid 540% higher advance tax to Rs 112 crore in the second installment of 15 September 2009 over the second installment of 15 September 2008

Tata Motors rose 0.66% to Rs 573. The company is reported to have paid 116.67% higher advance tax to Rs 130 crore in Q2 September 2009 over Q2 September 2008.

Bajaj Auto rose 1.65% to Rs 1387. The company is reported to have paid 89% higher advance tax at Rs 170 crore

Tata Power Company rose 0.93% to Rs 1296.50. The company is reported to have paid 435.71% higher advance tax at Rs 75 crore in the second installment

Sterlite Technologies rose 0.46% to Rs 281.70. The company is reported to have paid 233.33% higher advance tax at Rs 20 crore in the second installment

IDBI Bank rose 0.40% to Rs 113.35. The company is reported to have paid 210% higher advance tax at Rs 62 crore in the second installment

Ultratech Cement rose 1.60% to Rs 741.30. The company is reported to have paid 204.88% higher advance tax at Rs 125 crore

Lupin rose 1.42% to Rs 1092.65. The company is reported to have paid 195% higher advance tax at Rs 50 crore

TCS was almost unchanged at Rs 570.80. The company is reported to have paid 171.6% higher advance tax to Rs 220 crore

Asian Paints rose 0.98% to Rs 1385. The company is reported to have paid 70% higher advance tax at Rs 85 crore