Table of Contents
Who paid highest tax in India?
The Bollywood actor Salman Khan ranked as the highest known tax payer across India in 2017, with advanced tax payments of 445 million Indian rupees….Actors with highest advance tax payments in India in financial year 2017 (in million Indian rupees)
Characteristic | Payment in million Indian rupees |
---|---|
– | – |
How much tax does Indian government collect each year?
The Gross collection of Direct Taxes (before adjusting for refunds) for the FY 2021-22 stands at Rs. 6,45,679 crore compared to Rs. 4,39,242 crore in the corresponding period of the preceding financial year, registering a growth of 47\% over collections of FY 2020-21.
What is the tax rate in India 2020?
Income tax slab rate FY 2020-21 (AY 2021-22) – Applicable for New Tax regime
Income Tax Slab | New Regime Income Tax Slab Rates FY 2020-21 (Applicable for All Individuals & HUF) |
---|---|
Rs 7.5 lakhs – Rs 10.00 Lakhs | 15\% |
Rs 10.00 lakhs – Rs. 12.50 Lakhs | 20\% |
Rs. 12.5 lakhs- Rs. 15.00 Lakhs | 25\% |
> Rs. 15 Lakhs | 30\% |
Which tax is highest in India?
From an eye-watering 97.75 per cent as the highest tax rate and 11 tax slabs, to 30 per cent as the highest rate and three slabs, India and her taxpayers have come a long way since Independence.
Who is the No 1 tax payer in India?
Top Companies in India by Tax Paid – BSE
Sr | Company | Tax |
---|---|---|
1 | Reliance Add to Watchlist Add to Portfolio | -4,732.00 |
2 | TCS Add to Watchlist Add to Portfolio | 9,942.00 |
3 | HDFC Bank Add to Watchlist Add to Portfolio |
What is the salary of PM Modi in India?
Businesstoday Oct 2019: PM Modi has declared his annual income as Rs 19.92 lakhs (FY18). The Prime Minister of India will be drawing a monthly salary of Rs. 1.6 lakh.
What is the problem with Modi’s tax data?
There is another problem with Modi’s data. Soon after Demonetisation, in the next year, the IT department as also late Jaitley claimed that 9 crore returns had been filed, thereby adding 3 crores assessees as compared to preceding year. Does it mean that approximately 7.5 crore people file only Nil returns?
What are the features of PM Modi’s transparent taxation – honoring the honest?
Three main features of the platform are faceless assessment, faceless appeal and tax payers’ charter, the PM announced. New Delhi: PM Narendra Modi on Thursday launched the platform for ‘ Transparent Taxation – Honoring the Honest’ aimed at easing compliance and expediting refunds, benefiting honest taxpayers.
How many taxpayers declared income of over Rs 50 lakh?
PM Modi’s other claim that only 3 lakh taxpayers declared an income of over Rs 50 lakh was also correct. As of January, according to the data available with the I-T department, 3.36 lakh individual taxpayers had declared an income of over Rs 50 lakh.