SBI's advance tax pay-out down 40 per cent
Sep 15 2013 , Mumbai
Its foreign offices have paid an additional Rs 192 crore in tax during the period, a bank statement issued here said.
On last Friday, a senior official from the the Income Tax had said that the department is witnessing a "muted growth" in collections from the Mumbai region, which accounts for over a third of the total collections nationally.
The advance tax pay-out decline from SBI comes amid a period of gloom on the economic front, with the quarterly GDP growth falling to a four-year low of 4.4 per cent for the April-June period.