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. Akshay Kumar followed suite with tax payments worth 295 million rupees that year.
Who is the advance tax payer in India?
Salaried, freelancers and businesses– If your total tax liability is Rs 10,000 or more in a financial year you have to pay advance tax. Advance tax applies to all taxpayers, salaried, freelancers, and businesses. Senior citizens, who are 60 years or older, and do not run a business, are exempt from paying advance tax.
Is Dhirubhai Ambani richer than Harshad Mehta?
In 1992, Harshad Mehta paid the highest income tax of Rs 24 cr, just a few weeks before the scam was exposed. In fact, some said that if he was alive and not caught, Harshad Mehta would have been richer than Mr Mukesh Ambani.
Did Harshad Mehta returned 500 crore?
UCO bank issued 50 crores to Harshad Mehta in clean credit i.e. without any collateral. The biggest bank in India, the State Bank of India, issued him Rs 500 crores on the basis of unverified bank receipts. This trust and his name was the catalyst in the 1992 Harshad Mehta scam.
Which is highest tax paying country?
15 Countries With The Highest Tax Rates In The World
- Finland. …
- The Netherlands. …
- Belgium. …
- Austria. …
- Denmark. …
- Japan. …
- Portugal. …
- Sweden. Sweden takes the number one spot with the highest income tax rates on Earth – just over 57%.
Does Ratan Tata pay tax?
The ITAT’s Mumbai Bench — comprising its President Justice P P Bhatt and Vice President Pramod Kumar — passed three separate orders on December 28, upholding the tax-exempt status of Ratan Tata Trust, JRD Tata Trust and Dorabji Tata Trust.
Who is the first billionaire in India?
The wealthiest person in India, Mukesh Ambani of Reliance Industries occupies the fifth slot in the world’s richest persons’ list. Mukesh Ambani has a net worth of $73.6 billion.
Was Harshad Mehta first billionaire in India?
Mehta was convicted by the Bombay High Court and the Supreme Court of India for his part in a financial scandal valued at ₹100 billion (US$1.4 billion) which took place on the Bombay Stock Exchange (BSE).
|Criminal penalty||5 years rigorous imprisonment|