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    <description>The Instruction implements the Interest Tax Act, 1974 and requires submission of data for budget estimates-actual preceding-year collection, current-year collections to date, revised current-year estimates and forecasts-together with particulars of tax paid by advance-tax, self-assessment and regular assessment; two proformae are prescribed and collections must include Interest Tax collected on self-assessment. Collections and related information must be shown separately for banks that are companies and those that are not, following assessee status under the Income-tax Act, and a schedule of banks with their company/non-company status must be furnished with the six-monthly estimate.</description>
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