Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / RIL pays Rs8.5 bn Oct-Dec advance tax
BackBack

RIL pays Rs8.5 bn Oct-Dec advance tax

RIL pays Rs8.5 bn Oct-Dec advance tax

Premium

Mumbai: Energy major Reliance Industries Ltd (RIL) has paid Rs8.5 billion ($396 million) as advance tax for the October-December quarter, income tax department sources said on Tuesday.

The firm had paid an advance tax of Rs4.5 billion a year ago, the sources said.

Second-largest private lender, HDFC Bank paid Rs4 billion, compared with Rs3 billion a year ago, the sources, who did not wish to be named, added.

Indian regulations require a certain percentage of tax payable for the fiscal year to be paid in advance in each quarter.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 15 Dec 2009, 10:56 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie