It is that time of the quarter when corporates and individuals alike pay their first installment of advance tax to the Government for FY13. Typically, the 15th day of the last month of a quarter is the last date to pay advance tax.

According to the Income Tax Act, the advance tax is payable on the total income that is chargeable to tax in an assessment year. The advance tax is payable if the tax liability for the financial year is likely to be Rs. 10,000 or more.

Most of the leading corporates have paid marginally higher advance tax in the first quarter of the current fiscal despite widening economic gloom, sources in the Income-Tax Department said today.

In FY12, companies paid advance tax at Rs. 43,123 crore.

List of companies and their advance tax outgo for Q1 FY13:

HDFC: Rs.300cr vs Rs.255cr YoY

HDFC Bank: Rs. 500cr vs Rs.400cr YoY

RIL: Rs.770cr vs Rs.900cr YoY

NMDC: Rs.540cr vs Rs.500cr YoY

SBI: Rs.1170cr vs Rs.1100 YoY

Bank of Baroda: Rs.315cr vs Rs.270cr YoY

Bajaj Auto: Rs.150cr vs Rs.125cr YoY

BPCL: Rs.68 vs Rs.77cr YoY

LIC: Rs.630cr vs Rs.582cr YoY

Tata Steel: Rs.270cr vs 260cr YoY

Tata Motors: Rs.55cr vs Rs.60cr YoY

Bank of India: Rs.175cr vs Rs.170cr YoY

Ambuja Cements: Rs.60cr vs Rs.50cr YoY

ICICI Bank: Rs.500cr vs Rs.400cr YoY

Indusind Bank: Rs.60cr vs Rs.30cr YoY

Ultratech: Rs.110cr vs Rs.40cr YoY

Cipla: Rs.45cr vs Rs.35cr YoY

TCS Rs.320 cr Rs.250cr YoY

Kotak Mahindra Bank: Rs.75cr vs Rs.60cr YoY

Lupin: Rs.38cr vs Rs.18cr YoY

Grasim Inds: Rs.20cr vs Rs.30cr YoY

Central Bank of India: Rs.140cr vs Rs.138cr YoY

Indian Oil: Rs.125cr vs nil YoY

L&T: Rs.160cr vs Rs.180cr YoY

Tata Power: Rs.32cr vs Rs.30cr YoY

Mahindra & Mahindra: Rs.90cr flat on year YoY

Hindustan Unilever: Rs.140cr vs Rs.95cr YoY

Hindalco Inds: Rs.50cr vs Rs.70cr YoY

Godrej Consumer Products: Rs.15cr vs Rs.17cr YoY

Glaxosmithkline: Rs.50cr vs Rs.43cr YoY

Castrol: Rs.38cr vs Rs.40cr YoY

Colgate Palmolive: Rs.24cr vs Rs.20 YoY

NPCIL: Rs.82cr vs Rs.60cr YoY

ACC: Rs.45cr vs Rs.40cr YoY

RCF: Rs.17cr vs Rs.9cr YoY

Glenmark Pharma: Rs.7.5cr vs Rs.3cr YoY

Johnson & Johnson: Rs.26cr vs Rs.17cr YoY

TCS E-serve: Rs.25cr flat YoY