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Tatas are the largest tax-paying business house
August, 23rd 2007
Tata Group contributed the most to the government's corporate tax kitty, paying 10.3 per cent of the total Rs 15,130.83 crore collected last fiscal, followed by Reliance Industries and the Aditya Birla Group.

Industry chamber Assocham, in a study 'Tax Revenue Contribution by Top 50 Private Indian Companies', said that 50 top companies of India shelled out Rs 29,748 crore, with 20.3 per cent share in the corporate tax collection in the last fiscal and it is further expected to grow at the rate of 18 per cent in the current year.

Mukesh Ambani-run Reliance Industries was the second highest tax paying group, contributing 1.6 per cent of the total collection.

Aditya Birla Group emerged as the third largest tax paying business house after Reliance, with 0.93 per cent share in the corporate tax revenue.

The government collected Rs 1,46,497 crore by means of corporate tax imposed at the rate of 30 per cent.

"Strong economic growth for consecutive four years, robust demand, huge investment in the domestic sector, acquisition activities at high radar have fuelled the growth performance of corporate India leading to expansion in their tax share," Assocham President Venugopal N Dhoot said in a statement.

Among the Indian private companies paying corporate tax to government, Tata Steel emerged as the leader with a share of 5.75 per cent amounting to Rs 8, 426.76 crore recording a growth of 22 per cent in 2006-07.
 
 
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