Paying tax is something every company must do as a duty. Every day we read about tax frauds that end up defaming companies in the eyes of customers. So, these tax frauds must be avoided as much as possible. Giving you the inspiration to file at regular intervals tax, here are India’s top 10 corporates in terms of paying taxes. Have a look:
1. OIL AND NATURAL GAS CORPORATION, ONGC.
Despite big losses in the recent past ONGC is reported to have paid tax worth a whopping amount of RS. 1149.13 Billion. This almost equals to 50% of the company’s profit.
2. COAL INDIA
COAL INDIA paid taxes worth INR 55.95 Billion.
3. BHARAT HEAVY ELECTRICALS, BHEL
BHEL has paid taxes worth INR 3279.97 Crore.
4. INFOSYS
India’s leading IT company Infosys paid a total of INR 3367 Crores
5. STATE BANK OF INDIA, SBI
SBI is the highest tax-paying bank in the country and paid taxes close to INR 45.99 billion.
6. THE STEEL AUTHORITY OF INDIA, SAIL
Being a pioneer and an inspiration to the future manufacturing companies of India., SAIL paid around 35 billion in taxes.
7. TATA STEEL
Another steel manufacturing giant, TATA STEEL paid taxes amounting to INR 3636 Crores.
8. LIFE INSURANCE CORPORATION OF INDIA, LIC
Being one of the world’s leading insurance companies, LIC is believed to have paid taxes amounting to INR 26.27 Billion.
9. NATIONAL THERMAL POWER CORPORATION, NTPC
Being a leading company for the production energy in India, NTPC paid 37.8 Billion INR to the government.
10. RELIANCE
RELIANCE paid INR 47.83 Billion in taxes, an amount equal to about 25% of the company’s profit.
Source: RVCJ
