• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

K.R. Srivats

New Delhi, March 23 State-owned banks may have clearly bucked the slowdown in the economy, but the private and foreign banks are not far behind.

Advance tax payouts of the private and foreign banks have increased by about 27 per cent during 2008-09. This is a pointer to the robust profits being made by these banks.

As many as 11 private and foreign banks figure in the list of top 100 advance taxpayers in the country.

The private and foreign banks in this list have cumulatively paid advance tax of Rs 8,900 crore up to March 15 instalment, recording an increase of about 27 per over the previous year.

State-owned banks’ advance tax payout during 2008-09 recorded a 43 per cent increase at Rs 13,150 crore. As many as 14 State-owned banks figure in the list of top 100 advance taxpayers in the country.

For the fourth and final instalment of March 15, the advance tax paid by the 14 State-owned banks registered 57 per cent increase to about Rs 4,600 crore.

More Stories on : Banking | Taxation

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line