Top 10 highest tax paying Indian companies 2024
Last updated on January 29th, 2024 at 12:49 pm
What we pay in taxes is ultimately used for the development of our country. While majority of Indians are honest tax payers, a debate has often made headlines as to how much and how honestly the Indian companies are paying taxes. Let us have a look at the top 10 Indian companies that are amongst the highest tax paying in country.
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The Oil and Natural Gas Corporation of India is considered to be the top tax paying corporate of the country, despite of reports that the company is incurring losses. ONGC pays taxes worth of Rs 11, 49.13 billion, which comes just over 50 per cent of the profit earned by it.
The largest public trading company headed by Mukesh Ambani, the Indian conglomerate has paid Rs 47.83 billion in taxes, 25 per cent less than the profits made by it.
The corporate house of India that bagged Maharatna status in 2011 by the government, pays Rs 55.95 billion in taxes.
The National Thermal Power Corporation of India pays taxes worth Rs 35.87 billion.
The Steel Authority of India (SAIL)
The Steel Authority of India pays a whooping Rs 35 million in taxes to the government.
The Indian company has a global name in outsourcing, technology and consulting. With a turnover of USD 7,231 billion, the company pays taxes worth Rs 3,367 crore to the government of India.
BHEL (Bharat Heavy Electricals)
Bharat Heavy Electricals or BHEL is leading integrated power plant manufacturer paying Rs 3,279.97 crore in taxes.
The TATA Group company, Tata Steel has paid Rs 3,636.46 crore in taxes.
Life Insurance Corporation of India
One of leading insurance carriers in India, the company gives Rs 26.77 billion in taxes.
State Bank of India
The largest bank of India, SBI pays Rs 45.99 billion in taxes.
These top tax paying Indian companies list is very mind boggling. Do you know of any more Indian companies that pay whooping amounts in taxes, or otherwise? Do share in the comments section below.