« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals «  ICAI mulls action against audit firm... Parliament can levy service tax on CAs, architects: SC... » Tatas are the largest tax-paying business house August, 23rd 2007 Tata Group contributed the most to the government's corporate tax kitty, paying 10.3 per cent of the total Rs 15,130.83 crore collected last fiscal, followed by Reliance Industries and the Aditya Birla Group. Industry chamber Assocham, in a study 'Tax Revenue Contribution by Top 50 Private Indian Companies', said that 50 top companies of India shelled out Rs 29,748 crore, with 20.3 per cent share in the corporate tax collection in the last fiscal and it is further expected to grow at the rate of 18 per cent in the current year. Mukesh Ambani-run Reliance Industries was the second highest tax paying group, contributing 1.6 per cent of the total collection. Aditya Birla Group emerged as the third largest tax paying business house after Reliance, with 0.93 per cent share in the corporate tax revenue. The government collected Rs 1,46,497 crore by means of corporate tax imposed at the rate of 30 per cent. "Strong economic growth for consecutive four years, robust demand, huge investment in the domestic sector, acquisition activities at high radar have fuelled the growth performance of corporate India leading to expansion in their tax share," Assocham President Venugopal N Dhoot said in a statement. Among the Indian private companies paying corporate tax to government, Tata Steel emerged as the leader with a share of 5.75 per cent amounting to Rs 8, 426.76 crore recording a growth of 22 per cent in 2006-07.