Bollywood Action Hero Akshay Kumar is the highest taxpayer in Bollywood. By paying Rs 190 million in taxes the actor has become the highest taxpayer from the Bollywood in the country this year.
Shah Rukh Khan has been pushed to the No. 2 spot. He has paid approximately Rs 15 crore in income tax. It may be because of the fact that Shah Rukh Khan may be paying more taxes on behalf of Red Chillies Entertainment than on his name as he has tried to corporatise the functioning of everything what he does.
And to be true the czars of some biggest corporate sector in India don’t pay even fraction of income tax that our Bollywood stars do on the small fortune they make. Small means what they earn when compared to the czars and czarinas of Indian industry. Sounds strange, but India’s top billionaires don’t even figure among the top 20 crorepati income tax payers in the country.
Last year a ranking of top tax payers on the basis of advance tax collections up to December, 2007, suggests that none of the industrialists in the country are among the top-20 list though Bollywood super star Shah Rukh Khan (8th) and UP chief minister Ms Mayawati (19th) have figured on the list.
Significantly, Punjab, which is among the prosperous states in India, has no individuals who paid an advance tax of Rs 1.5 cr and above this fiscal, whereas Gujarat has only three crorepati taxpayers. Relatively poorer states such as Orissa and Jharkhand have one each on the list, whereas West Bengal has two such individuals. Not surprisingly, Maharashtra tops with 54, followed by Delhi (16), Tamil Nadu (15), Karnataka (13) and Andhra Prasdesh (12).
Chairman of Max India Analjit Singh, Wipro Technologies chairman Azim Premji, AV Birla group chairman Kumar Mangalam Birla, Vodafone Essar MD Asim Ghosh, architect Hafeez Contractor, Indraprastha Apollo Hospitals MD Naresh Trehan and Infosys co-chairman Nandan Nilekani have all figured on the list of top 100 tax payers in the country. Significantly, neither the chairman of Reliance Industries Mukesh Ambani nor chairman of ADAG Anil Ambani is on the list.
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