The advance tax payout of the top 10 advance taxpayers' league recorded 9 per cent increase in 2009-10 to Rs 32,946 crore (Rs 30,138 crore). This is much higher than the 3 per cent year-on-year growth seen in the advance tax payout of the top 10 advance taxpayers' in 2008-09. However, private sector presence in the latest top-10 league has dwindled, data compiled by the Revenue Department showed.
In the top-10 listing for 2009-10, there are only two private sector players — Reliance Industries and ITC. In 2008-09, there were three — RIL, Tata Steel and ICICI Bank in the top-10 advance taxpayers' league. There has also been a change in the top three rankings this year. State Bank of
ONGC is now ranked second and SAIL continues to hold the third position. Corporates are required to pay by March 15 aggregate advance tax equivalent to 90 per cent of their estimated tax liability in a financial year.
Official sources said that the advance tax payout of the corporate sector up to March 15 this fiscal recorded about 16 per cent growth. However, the final instalment (March 15) payout growth this fiscal has been a low single-digit. Going by the current trend, the Finance Ministry may find it difficult to achieve the revised estimates for direct taxes.
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| Company Name | CMP |
|---|---|
| SBI | 905.80 |
| Canara Bank | 128.05 |
| Bank Of Baroda | 296.65 |
| PNB | 137.00 |
| Union Bank Of India | 170.00 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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