Top 10 Taxpayers of India: Big Corporates & Celebs Paying the Most in FY 2023–24
Paying income tax is a sign of financial strength and social responsibility. Each year, several Indian companies and high-earning individuals contribute significantly to the nation’s tax revenue. For the financial year 2023–24, some well-known corporates and celebrities stood out for their massive tax payments.
This article lists the top 10 highest tax-paying companies and celebrities in India, along with insights into their sectors and contributions.
Top 10 Highest Tax Paying Companies in FY 2023–24
The following corporations were the largest contributors to India’s direct tax collections in FY 2023–24:
| Rank |
Company |
Estimated Tax Paid (₹ crore) |
Sector |
| 1 |
Reliance Industries Ltd (RIL) |
₹25,707 |
Oil & Energy |
| 2 |
Tata Consultancy Services (TCS) |
₹15,898 |
IT Services |
| 3 |
Vedanta Ltd |
₹12,826 |
Metals & Mining |
| 4 |
HDFC Bank |
₹11,122 |
Banking & Finance |
| 5 |
Infosys |
₹9,740 |
IT Services |
| 6 |
ITC Ltd |
₹6,389 |
FMCG & Tobacco |
| 7 |
Kotak Mahindra Bank |
₹5,887 |
Banking |
| 8 |
HCL Technologies |
₹5,257 |
IT Services |
| 9 |
Larsen & Toubro (L&T) |
₹4,947 |
Infrastructure |
| 10 |
Bajaj Finance |
₹4,858 |
NBFC |
These companies play a crucial role in powering India’s economy and tax system through consistent and growing profits.
Top 10 Highest Tax Paying Celebrities in FY 2023–24
Many Bollywood stars, cricketers, and entrepreneurs are among India’s highest taxpayers. Here are the top celebrity taxpayers for FY 2023–24 based on advance tax filings and IT department reports:
| Rank |
Name |
Estimated Tax Paid (₹ crore) |
Profession |
| 1 |
Shah Rukh Khan |
₹92 crore |
Actor |
| 2 |
Thalapathy Vijay |
₹80 crore |
Actor |
| 3 |
Salman Khan |
₹75 crore |
Actor |
| 4 |
Amitabh Bachchan |
₹71 crore |
Actor |
| 5 |
Virat Kohli |
₹66 crore |
Cricketer |
| 6 |
Ajay Devgn |
₹42 crore |
Actor |
| 7 |
MS Dhoni |
₹38 crore |
Cricketer |
| 8 |
Ranbir Kapoor |
₹36 crore |
Actor |
| 9 |
Sachin Tendulkar |
₹28 crore |
Cricketer |
| 10 |
Hrithik Roshan |
₹28 crore |
Actor |
These celebrities earn through films, endorsements, business ventures, and brand associations, and they consistently contribute large amounts in income tax.
Why Their Tax Payments Matter
Revenue Source for Nation-Building: Taxes fund infrastructure, healthcare, education, and defense.
Public Responsibility: Celebrities and corporates set a benchmark of compliance and integrity.
Trust in the Tax System: Their high tax outgo reflects faith in India's economic and legal ecosystem.
How Is Taxpayer Data Tracked?
The Income Tax Department tracks advance tax payments and files under Section 139. Large taxpayers often disclose their advance tax quarterly, and public records sometimes reveal these figures via:
- Press releases
- RTI filings
- Financial reports of companies
- Industry surveys (like Hurun India Rich List)
Conclusion
India’s highest taxpayers, both companies and celebrities, are not just wealthy—they are also responsible financial citizens. Their contributions strengthen public finance and set an example of tax discipline.
As individuals and businesses, we can learn from them: stay compliant, plan taxes wisely, and contribute fairly to the country’s progress.
FAQ's About Top 10 Taxpayers of India
1. Who is the highest taxpayer in India in FY 2023–24?
Reliance Industries is the highest tax-paying company, and Akshay Kumar tops among individual celebrities.
2. How is tax calculated for celebrities?
Celebrities pay income tax based on earnings from all sources, including acting fees, ads, brand deals, and investments.
