Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: Central Excise rule to resale the machines to a new company :: TDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT Audit :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT RATES :: articles on VAT and GST in India :: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
News Headlines »
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns

Actors, not businessmen, top taxpayers
April, 28th 2007
Even as Bollywood heartthrob Hrithik Roshan danced his way to the top of the charts in Bollywood, officials at the income tax department rubbed their hands with glee. At the end of the year, they knew, hed end up paying an exorbitant amount in taxes. They were right. At Rs 15.10 crore for 2006- 07, he emerged as the highest individual tax-payer. The star, sources said, charges in the region of Rs 2.5 crore for featuring in a movie.


Taxes paid in 2006-07

1. N Raheja 16.50

2. Hrithik Roshan 15.10

3. Shah Rukh Khan 14.00

4. Zia Mody 6.75

5. Akshay Kumar 6.60

6. Sachin Tendular 5.75

7. M H Mody 5.45

8. Dr S Bhattacharya 4.35

9. Nishit Desai 3.15

10. Kareena Kapoor 2.90

11. John Abraham 1.10

Top individual tax payers outgo for 2006-07 (Rs in cr)


Some individual tax payers suddenly pay huge taxes due to one-time gains. But its mostly film stars and certain professionals who have a track record of consistently paying high taxes, said an I-T official. He was referring to a case in Pune some time ago when an individual surprised the department by paying Rs 6.5 crore in taxes.

But its the film industry that takes the cake in filling up government coffers. Shah Rukh Khan has consistently been among the highest tax payers for years and in 2006- 07, sources said, he paid Rs 14 crore in taxesalmost double what he paid in the previous financial year.

Then there is Akshay Kumar, who paid Rs 6.6 crore for 2006- 07 while Kareena Kapoor gave the department Rs 2.9 crore. John Abraham paid a little over Rs 1 crore and yesteryear star Jeetendra ended up paying Rs 1 crore.

As for cricketers, Sachin Tendulkar paid Rs 5.75 crore. Interestingly, none of the top businessmen who snap up billion-dollar companies contribute much in their individual capacity to government coffers. Generally , businessmen do not pay high taxes as they classify their income as dividend income which is tax-free , sources said.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions