Income Tax News: In India, individuals and businesses are required to pay direct taxes based on their income. With only a few days left to file Income Tax Returns (ITR), it’s important to note that the deadline for filing ITR is July 31, 2024. In this article, we will discuss the five companies that paid the highest taxes in the financial year 2022-23.
Reliance Industries
Reliance Industries, owned by Mukesh Ambani, paid the most tax during the fiscal year 2022–2023. Reliance made a substantial tax contribution at this time, totalling ₹20,713 crore.
State Bank of India (SBI)
The largest public sector bank in the nation, State Bank of India, appears on this list as well. During the fiscal year 2022–2023, SBI, a public sector banking and financial services statutory organisation with its headquarters located in Mumbai, paid ₹17,649 crore in taxes.
HDFC Bank
HDFC Bank is the top private sector bank in India. During the financial year 2022-23, HDFC Bank paid ₹15,350 crore in taxes.
Tata Consultancy Services (TCS)
Tata Consultancy Services (TCS) is an IT services, consulting, and business solutions organization that has partnered with many of the world’s largest businesses for over 50 years. TCS paid ₹14,604 crore in taxes to the Indian government.
ICICI Bank
ICICI Bank, originally promoted in 1994 by the Indian financial institution ICICI Limited, which was its wholly-owned subsidiary, paid ₹11,793 crore in taxes to the Indian government.
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