look news india
Top 10 Corporate Tax Payers in India: The net worth of Adani Group owner Gautam Adani has increased dramatically in the last few years, making him the richest person in the country with a net worth of Rs 11.61 lakh crore in 2024. But such a huge earning group in the country is far behind in paying taxes. No significant contribution has been seen from them in the country's treasury.
Not a single company of the Adani Group is included in the list of companies paying the highest corporate tax in the country. The top 10 corporate taxpayers in the country include Reliance, two Tata Group companies, three government and other banks. But not a single company of the Adani Group is included among the nine companies listed in the stock market. If we look at the companies paying corporate tax, Adani Enterprises, the flagship company of the Adani Group, is nowhere in the top-10.
11.32 lakh crore corporate tax in 2023-24
According to the data of Press Information Bureau, a total of Rs. 11.32 lakh crore of corporate tax has been collected in 2023-24. Which is Rs. 10 lakh crore from last year with an increase of 13.06 percent. Net corporate tax collection has increased by 10.26 percent to Rs. 9.11 lakh crore.
Adani Group has been surrounded by controversies for the last two years. In January last year, questions were raised on the transparency of Adani Group after American research agency Hindenburg reported manipulation in Adani Group's shares. Despite SEBI and Supreme Court giving clean chit to Adani Group on these allegations, another recent report by Hindenburg has raised doubts.
Highest tax paying companies in 2023-24
| Company | corporate tax |
| Reliance Industries | Rs. 20713 Crore |
| SBI | Rs. 17649 Crore |
| HDFC Bank | Rs. 15350 crore |
| TCS | Rs. 14604 Crore |
| ICICI Bank | Rs. 11793 Crore |
| ONGC | Rs. 10273 Crore |
| Tata Steel | Rs. 10160 crore |
| Coal India | Rs. 9876 Crore |
| Infosys | Rs. 9214 Crore |
| Axis Bank | Rs. 7703 Crore |