Top 10 Tax Paying Corporate In India | RVCJS

Tax-paying is a duty which each and every citizen should follow as a must. Every day, there are so many cases of tax fraud, people hiding black money just to avoid taxes and playing some tricks around to save money that should go to the government.

Especially in a developing country like India, the government needs tax to perform errands and implement major policies.

Corporate in general though are viewed very positively in this respect as compared to individuals. So let us have a look at ten of the highest tax paying corporate in India.

1) OIL AND NATURAL GAS CORPORATION, ONGC.

ONGC has been among the major tax payer in India. Despite incurring losses in the recent past the company is reported to have paid tax worth a whopping amount of RS. 1149.13 Billion. This amounts to almost 50% of the company’s profit.

2) COAL INDIA.

Another very honest taxpaying corporate COAL INDIA paid taxes worth INR 55.95 Billion. The company has also received some very prestigious awards from the government.

3) BHARAT HEAVY ELECTRICALS, BHEL.

A growing company which has created so many jobs for Indian engineers is among the highest taxpayers. BHEL has paid taxes amounting to worth INR 3279.97 Cr.

4) INFOSYS.

A tech giant, a company that creates so much employment in India, Infosys has been the face of technological revolution for Indian undergraduates. The company is very clean when it comes to paying taxes, paying a total of INR 3367 Cr.

5) STATE BANK OF INDIA, SBI.

State Bank of India, SBI is among the highest tax paying banks in the country. It has paid taxes close to INR 45.99 billion. Not many banks have such clean chit records, SBI is a rarity.

6) THE STEEL AUTHORITY OF INDIA, SAIL.

SAIL is one of the best manufacturing companies India has ever had. It has stood as a pioneer and as an inspiration to the future manufacturing companies of India. It pays around 35 billion in taxes.

7) TATA STEEL.

Another giant in the steel manufacturing business, TATA STEEL has paid taxes amounting to INR 3636 Cr. It stands as an example to the honesty every corporate should possess.

8) LIFE INSURANCE CORPORATION OF INDIA, LIC.

LIC is one of the world’s leading insurance companies. The company is believed to have paid taxes amounting to INR 26.27 Billion. This in no way is a small amount.

9) NATIONAL THERMAL POWER CORPORATION, NTPC.

NTPC is among the leading production of energy in India. The very famous corporate has paid 37.8 Billion INR to government. A good company run by honest people.

10) RELIANCE.

Reliance is hands down the giant. The founder and current leader of the company, Mukesh Ambani has become an icon. Someone who has created so much employment, so much wealth, so many opportunities for everyone in India.

The reliance has paid INR 47.83 Billion in taxes, an amount equaling to about 25% of the company’s profit.

Such corporate are a real example. They are the torch bearers in this world which has fallen into the hands of greed.

Note: The data is mostly for the tax paid in 2007-08.

The post Top 10 Tax Paying Corporate In India appeared first on RVCJ Media.



from RVCJ Media https://ift.tt/2JLA7BN

Comments

Post a Comment

Popular posts from this blog

Where To Find Undetected Black Ops Cold War Hacks? | RVCJS

Image
Black Ops Cold War hacks are highly popular and there’s absolutely no question about it. If you regularly play the game on PC, there’s no doubt you haven’t encountered at least a few players that have used said Cold War hacks. You’ve probably thought about using them too at least once or twice, but haven’t done so because of a fear of getting banned. Luckily, there’s now a great solution for that which we’ll be discussing more about today. This solution is undetected Cold War hacks.  The Key Points to Keep in Mind Hacks for Cold War are very popular, but it’s very risky to use them.  Once you get banned, there’s no chance of recovering your account, which is why undetected hacks are a necessity.  Not all ‘’undetected’’ are truly undetected. You have to clearly decide which of them you choose.  Battlelog.co is the most trustable cheat provider of all in this department, as they offer truly amazing undetected Black Ops Cold War hacks .    Ho...
Read more

How to Manage Your Spinal Cord Injury in Arizona

Image
How to Manage Your Spinal Cord Injury in Arizona:  Arizona is a prosperous state in the United States, with a population of more than seven million people in 2019. It has a robust economy with an unemployment rate of 5.1% during the year. The state also posted a 2.7% job growth in 2018-2019, mainly driven by its healthcare industry. One of the growing segments in the state’s healthcare sector is medical cannabis. Experts recommend it to treat ailments like chronic pain and spinal cord injuries (SCI). However, you need to have a medical marijuana card in Arizona to buy medical cannabis legally. How to Manage Your Spinal Cord Injury in Arizona When to Seek Medical Help for Your SCI The National Spinal Cord Injury Association claimed an estimated 450,000 Americans are living with SCI. Also, there are around 17,000 new SCI cases in the U.S. every year. If you are an SCI sufferer, you should go to the hospital immediately if you experience one or more of the following symptoms af...
Read more

Jaydev Compares Cutting Beans With Pujara’s Ranji Final Innings, Gets A Hilarious Reply From Him | RVCJS

Image
The Indian cricketers are presently sitting inside their houses as the coronavirus outbreak has compelled each one of us to remain indoors to save ourselves from getting infected. While some players are getting active on social media networks and interacting with their fans or colleagues, several others are letting their fans know how they are spending time in the 21 days lockdown period. Indian cricketer Jaydev Unadkat under whose captaincy the Saurashtra team won the Ranji Trophy recently took to the micro-blogging site Twitter and posted a photo in which he showed the vegetables that he chopped. He also wrote heartwarming message for his mother as she has done such things infinite times but never showed off. Jaydev Unadkat’s tweet read, “By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation)  #QuarantineLife” By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation) #Q...
Read more