Corp advance tax payment rises 22

According to sources,the largest tax of Rs 8,492 crore was paid by ONGC in 2010-11,an increase of 35 per cent compared to 2009-10.

Similarly,the advance tax paid by Reliance Industries rose by 38 per cent at Rs 4,244 crore in the current financial year,while Life Insurance Corporation paid Rs 3,599 crore as advance tax during the year,a rise of 11 per cent.

The country8217;s largest lender SBI has paid Rs 6,143 crore in 2010-11. However,it has registered a 6.24 per cent decline over the last year.

Similarly,advance tax paid by the second largest public sector bank Punjab National Bank declined by 2 per cent at Rs 1,985 crore.

Pharma company Piramal Healthcare has paid tax of Rs 3,525 crore in the current fiscal,an increase of 4900 per cent compared to the year-ago period.

The tax paid by NMDC rose by 86 per cent to Rs 3,200 crore in 2010-11,while BHEL8217;s tax payment stood at Rs 2,845 crore,an increase of 53 per cent.