During the monetary 12 months 2022-23, the federal government has earned so much from tax. During the final monetary 12 months, the Indian business (India Inc) has given some huge cash to the federal government exchequer. According to Ace Equity knowledge, BSE 500 corporations (BSE 500 Firms) paid tax of greater than Rs 3.60 lakh crore over the past monetary 12 months.

Top-500 corporations paid this a lot tax

According to the info, the nation’s 500 largest listed corporations contributed Rs 3.64 lakh crore to the exchequer within the type of company tax over the past monetary 12 months. This is 7 % greater than the 12 months earlier than i.e. Rs 3.41 lakh crore within the monetary 12 months 2021-22. In this fashion, the federal government is incomes extra 12 months after 12 months from company revenue tax.

Only authorities corporations forward of Tata

Government corporations have been on the high when it comes to paying most tax. All listed authorities corporations collectively have paid tax of Rs 1.08 lakh crore through the monetary 12 months 2022-23. At the identical time, Tata group is at primary in non-public company. The listed corporations of the Tata group have contributed greater than Rs 30,000 crore to the exchequer over the past monetary 12 months. A complete of 17 Tata group corporations are included within the BSE-500 index.

These company teams have been included within the top-5

After the Tata Group, India’s richest particular person Mukesh Ambani’s corporations are numbered. Ambani’s Reliance group corporations have paid revenue tax of Rs 20,730 crore over the past monetary 12 months. HDFC Group has been ranked fourth with a contribution of Rs 20,300 crore and ICICI Group has been ranked fifth with a tax contribution of Rs 12,800 crore. BSE-500 index contains 4-4 corporations of each HDFC Group and ICICI Group.

Bajaj and Vedanta additionally crammed the coffers

Bajaj Group corporations collectively paid Rs 10,554 crore in tax over the past monetary 12 months. In this fashion, Bajaj Group with 6 corporations in BSE-500 stood at sixth place when it comes to paying highest tax. Anil Agarwal’s Vedanta Group stood on the seventh place, paying tax of Rs 10,547 crore. Anil Agarwal’s 2 corporations are included within the BSE-500 index.

Birla’s corporations paid this a lot tax

Kumar Mangalam Birla’s Aditya Birla Group stood on the eighth spot after paying Rs 10,100 crore. At quantity 9 was Infosys, the second largest IT firm, which paid company revenue tax of Rs 9,200 crore. While Axis Bank stood on the tenth place with a tax fee of Rs 7,768 crore.

In the case of corporations, these are the top-5

In phrases of corporations, Reliance Industries was on the forefront, paying tax of Rs 20,713 crore. After that, the variety of authorities financial institution SBI remained with Rs 18,840 crore. HDFC Bank stood third by paying Rs 15,350 crore as tax. At the identical time, TCS stood on the fourth place with Rs 14,604 crore, whereas ICICI Bank contributed Rs 11,793 crore at quantity 5.

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