Top Ten Tax Payers Companies In India
Post on 10,April 2013   4:51 PM
By - PolyEyes Staff
views 42217

 

There have been a series of criticisms against individual taxpayers for flouting tax norms in India. However, the following list of India’s top ten corporate tax payers indicates that corporate tax payers have always been consistent in paying taxes. Some of the corporate companies shell out even 50% from the profits earned by them.

ONGC – Although there are consistent reports of incurring losses, Oil and Natural Gas Corporation remains the top corporate tax payer in India. The tax it pays is worth 11, 49.13 billion INR which is just over 50% of the profit the company earns.

Coal India – It pays a whopping amount of 55.95 billion INR. In 2011, the government of India had conferred this corporate house with Maharatna status.

Reliance Industries – Often described as the largest public trading company with regard to India’s market capitalization. It paid 47.83 billion INR as taxes, which is 25% less than the profits it earned.

State Bank of India – SBI which is the largest bank of India pays 45.99 billion INR as taxes.

The National Thermal Power Corporation – The abbreviation of which is NTPC makes the India government richer by paying 35.87 billion INR.

The Steel Authority of India – The acronym of which is SAIL pays approximately 35 million INR in the form of taxes.

Life Insurance Corporation of India – India’s most trusted and reliable insurance carriers shells out 26.77 billion INR by way of taxes.

Tata Steel – It has paid 3,636.46 crores INR as taxes.

Infosys – The global leaders of outsourcing, technology and consulting with a turnover of 7,231 billion US dollars pays the Indian government 3,367 crore INR as tax.

BHEL – The full-form of which is Bharat Heavy Electricals which is a leading manufacturer of integrated power plant and one among the largest engineering concern when it comes to annual turnover pays 3,279.97 crore INR as taxes.

If the taxes paid by these government run companies bring more revenue to the government wonder what makes a majority of Indians think that India’s private sector is better compared to government run sectors. Additionally, when more that 70 percent of the tax is paid by government owned companies; don’t you think India’s private sector need to buck up?

Moreover, unlike the private sector which is more concerned about making profits and expanding and shun the rural areas and the poor, government owned companies indulge in social service and foot their bill. 

 


Back
Comments ( 0 )
Add a comment
Your name: *
E-mail:
The content of this field is kept private and will not be shown publicly.
Title:


Related Articles

Prelims Online Test Series
UPSC 2026 Prelims Test Series Registration Link

REGISTRATION
BPSC 2025-26 (71TH) PRELIMS Test Series

REGISTRATION
PolyEyes Recent Updates
Most Recent Comments

Sir I've lost my admit card and I also forget my roll no

Please  help me in other ways 

by Vivek Tigga
From:JPSC 5TH Admit Card Download Link

Dear Sir,

After login when i click on attempt button to take test a error msg show "Test series ended", plesae resolve this issue.

by Tarani Kumar
From:BPSC 71ST Prelims Test Series Details

sir, my name is SWARUP ANAND, my DOB- 01/03/1984, my father’s name- SANTOSH KUMAR SRIVASTWA. I have loss my admit card. Please tell my roll number.

by SWARUP ANAND
From:Download BPSC 56TH-59TH Prelims Admit Card From www.bpsc.bih.nic.in

nice information

by Gulshan
From:Important Facts About Jharkhand

BPSC mains 56th-59th me Roll No. 119040 pass hai aur PT me fail. Mahabhrstachar hai. pls see it must

by KRISHNA KUMAR
From:Bihar Public Service Commission (BPSC) 2016-17 Prelims Expected Cut-off

I am thankful for PolyEyes for most authentic Online BPSC Test Series. These Test are life support for working Aspirant.

by Rahul Ranjan
From:BPSC 71ST Prelims Test Series Details

sir please tell the authenticity of this news .there is no such news on bpsc website and i heard 17 june as the exam date .please clarify the doubt

by Pushkar Verma
From:BPSC 63rd Prelims on July 1

r u providing test for BPSC in HINDI medium ?

plz intimate me through emails about BPSC test packages and details of packages and its rate. how many test and when it will be taken plz send details about ur package plans.

by Rajeev Ranjan Kumar
From:BPSC 71ST Prelims Test Series Details

Yes Test is available in Hindi as well English and Total Number of Test and Registration details already given above

by Help Desk
From:BPSC 71ST Prelims Test Series Details

Best thing im loving about This Test series is its Explanation part. Crisp and to the Point. Thanku Polyeyes.

by Tirath Sukla
From:BPSC 71ST Prelims Test Series Details
 
 
1/10
 
 
Get RSS Feeds
  • All Stories
  • Recently Published Stories
  • Most Viewed Stories
  • Just In Photos
  • Most Viewed Photos