Chandigarh: Sep 29, 2011
Cricketer Yuvraj Singh has turned out to be the highest income tax payer in non-corporate tax category in the Chandigarh region with an advance tax payment of Rs. 1.75 crore for the assessment year 2012-13.
Yuvraj may be out of action but the advance tax payment made by him this September is 84 per cent more than advance tax of Rs. 95 lakh he paid in in September 2010, as per the data provided by the Income Tax Department.
In corporate tax category, State Bank of Patiala topped the list of ten highest tax payers after it paid an income tax amounting to Rs. 139 crore, up by 54 per cent compared with the tax paid in last September.
The total advance tax (including tax paid in June) of the bank reached Rs. 203 crore, according to the data.
With the department witnessing buoyancy in tax collections, the advance tax collections of the Chandigarh region surged by 24 per cent till September 15, the last date for advance tax payment. The tax collections from corporates stood at Rs. 449.10 crore while from individuals it was Rs. 70 crore.
Glaxo Smithkline and Swaraj Engines secured second and third position in the list of top ten tax payers of corporate tax with the companies paying an advance tax of Rs. 16 crore and Rs. 6.4 crore respectively in September. (PTI)