These companies paid the highest taxes in India in FY22

Sep 20, 2022

By: soniya.tiwari@timesinternet.in

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Tata Consultancy Services (TCS) : ₹11,536 crores

TCS pays 6.8 percent of its total revenue as taxes to the government. The IT major is the second most valued company in India.

Credit: Wikipedia

Tata Steel : ₹11,079 crores

Tata Steel pays 8.4 percent of its total revenue as taxes to the government. The company is the world's second-most geographically diversified steel producer.

Credit: BI

JSW Steel : ₹8,013 crores

JSW Steel pays 6.6 percent of its total revenue as taxes to the government. The steel producer is India's first company to produce 1 crore tonnes of steel per annum.

Credit: JSW

Life Insurance Corporation of India (LIC): ₹7,902 crores

One of India’s leading insurance companies, LIC pays 2.9 percent of its total revenue as taxes to the government.

Credit: BI

Reliance Industries :₹7,702 crores

Reliance pays 1.6 percent of its total revenue as taxes to the government. The company continues to be India’s largest exporter with access to markets in over 10 countries.

Credit: BI

Indian Oil Corporation :₹7,549 crores

Oil marketing company Indian Oil pays 1 percent of its total revenue as taxes to the government. The company operates the largest and the widest network of petrol and diesel stations in the country.

Credit: BI

Infosys : ₹7,260 crores

The Indian global outsourcing and technology consultant company pays 6.7 percent of its total revenue as taxes to the government.

Credit: Wikipedia

ITC : ₹4,771 crores

ITC pays 7.6 percent of its total revenue as taxes to the government. The Indian conglomerate company has the largest market share in the tobacco sector.

Credit: ITC

Hindustan Zinc: ₹4,471 crores

Hindustan Zinc is one of the world's largest and India's only integrated producers of Zinc-Lead and Silver. The company pays 14.5 percent of its total revenue as taxes to the government.

Credit: Hindustan Zinc

NTPC : ₹4,366 crores

NTPC pays 3.6 percent of its revenue as taxes to the government. The power major is India’s largest energy and power utility company.

Credit: Wikipedia

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