SBI, RIL report increase in advance tax for Q1

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SBI, RIL report increase in advance tax for Q1
SBI and Reliance Industries, two of the highest tax payers in Mumbai, showed increase in the first quarter advance tax outgoes.

State Bank of India said it paid Rs 1,202 crore in advance tax for the first quarter as against Rs 1,173 crore in the same period year ago.

According to media reports, Mukesh Ambani-led Reliance Industries' outgo has increased to Rs 779 crore as against the Rs 768 crore in the same period year ago.

Asian Paints paid Rs 60 crore for the first quarter as against Rs 55 crore it had paid in the same quarter the year ago, the reports said.

Banks and financial institutions had shown an overall increase in their tax outgoes in the numbers which came in on Friday.

Read more about: state bank of india
Story first published: Monday, June 17, 2013, 9:43 [IST]
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