It is important to know that no businessman has personal property. Their property is in the name of companies. In such a situation, the earnings also go to their companies. Also, all types of taxes are also paid by the companies. Mukesh Ambani, the richest person in India and Asia, is the owner of Fortune company Reliance Industries. With a market cap of Rs 19.68 lakh crore, Reliance Industries is India’s largest group. In the financial year 2023, Reliance Industries has paid the highest tax of more than Rs 20,713 crore to the government. That is, Mukesh Ambani pays the highest tax in India.
SBI and HDFC Bank are in second and third place respectively. In the last financial year, State Bank of India has deposited a total of Rs 17,649 crore as income tax. At the same time, HDFC Bank has paid a total of Rs 15,350 crore as income tax. SBI is a government institution. Atanu Chakraborty is currently the part-time chairman and independent director of HDFC Bank.
Tata Consulting Services – Tata Group’s IT company TCS has paid tax of Rs 14,604 crore to the Government of India in the financial year 2023. TCS is currently the second largest listed company. Currently the chairman of Tata Group is Ratan Tata.
ICICI Bank – India’s fourth largest company ICICI Bank has paid Rs 11793 crore as tax to the Government of India in the financial year 2023. Currently Sandeep Bakshi is its CEO. In the year 2018, he was made the new Chief Operating Officer of ICICI in place of Chanda Kochhar.
Another company in the IT sector, Infosys, paid a total of Rs 9214 crore as tax last year. Infosys provides its services in more than 56 countries of the world. N.R. Narayana Murthy is its founder.
You will be surprised to know that Adani Group Chairman Gautam Adani is not among the top 10 taxpayers in India. Actually, corporate tax in India is not levied on market capitalization but on profits. Adani Group has market capitalization but does not make profits like Mukesh Ambani’s Reliance Industries or other companies.
