Question: Who Are The Highest Tax Payers In India?

Who is paying highest tax in India?

actor Salman KhanThe Bollywood actor Salman Khan ranked as the highest known tax payer across India in 2017, with advanced tax payments of 445 million Indian rupees.

Akshay Kumar followed suite with tax payments worth 295 million rupees that year..

Who are the taxpayers in India?

It is estimated that 1.5 crore Indians pay income tax. That is just a little over 1% of India’s population and only 1.6% of the country’s adult (over 20 years) population.

Which is highest tax paying country?

SwedenIn 2020, the highest income earners in Sweden paid a whopping 57.19%, making it the highest tax paying country in the world. Generally, income taxes are higher in the Nordic countries.

Which state is highest tax payer in India?

Maharashtra381. with figures in crore of Indian Rupees….List of states and union territories of India by tax revenues.RankStateTax Revenues (INR Billions) 2014-2019—India303311Maharashtra45182Andhra Pradesh and Telangana32343Uttar Pradesh296426 more rows

Which city pays the highest taxes in India?

MumbaiMumbai has once again emerged as the top contributor to the exchequer and accounted for 32 per cent of the overall tax collection in the financial year ended March.

Who is the highest tax payer in India 2018?

Amitabh BachchanAmitabh Bachchan beats Akshay Kumar, Salman Khan to become the highest tax payer in 2018-19, pays Rs 70 crore.

Who is highest tax payer in Delhi?

Top 5 Highest Corporate tax payers in India :Coal India (5595 Crore)ONGC (4913 Crore)

How many taxpayers are there in India in 2020?

What’s even more striking is that the number of taxpayers has shrunk sharply in the past one year. Estimates show that in the assessment year 2018-19 (financial year 2017-18), 3.29 crore Indians paid income tax. Compared to that, 1.46 crore taxpayers in 2019-20 represent a fall of 55% in just one year.

Does India have high taxes?

Income tax in India is insanely high, because of black money and corruption. Only 20-50 lakhs file income tax in 30%+ range i.e. having income : 70,000 per month.