« Top Headlines » Open DEMAT Account in 24 hrs  March 15 is deadline for last advance tax installment: Know if you must pay   5 small savings options that save tax under Section 80C  ITR filing 2025: How often can Indian taxpayers switch between new and old income tax regimes?  Tax planning for 2025: How to maximise your savings before March 31 deadline  New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha  5 major changes in the last 6 months every taxpayer should know! «  Mandatory cost auditing norms may be revised... Get online, not in line, to pay tax... » Advance tax collections up 29% June, 21st 2007 The governments cash registers are ringing on the back of a booming economy. Its advance tax collections for the April-June period witnessed a growth of 28.8% at Rs 13,796 crore. Its total direct tax collections up to June 18 swelled by 57.5% to Rs 37,444 crore. There may be more to come. Sources in the income-tax department said advance tax collection data was still in the process of being compiled and the final figure could exceed Rs 17,000 crore. The last date for depositing the first installment of advance tax was June 15. Advance tax is paid in four installments in June, September, December and March. State Bank of India, Steel Authority of India, Life Insurance Corporation, Reliance Industries, ICICI, Indian Oil Corporation and TISCO have emerged as the top seven advance tax payers in the first quarter. BSNL which was among the top advance taxpayers last fiscal witnessed a decline of 65.7% to Rs 120 crore. Similarly, NTPCs advance tax payment in the first quarter of the current fiscal saw a negative growth of Rs 15.8% to Rs 202 crore.