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    Home | Corporate News | Top 10 highest direct tax-paying companies in India (FY 2024)
    Corporate News

    Top 10 highest direct tax-paying companies in India (FY 2024)

    berealnewsBy berealnewsFebruary 25, 2025No Comments2 Mins Read
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    The top Indian corporations paying taxes in 2024-25 will operate within a sustained 6.7% growth environment while outperforming global estimates of 2.7% according to the World Bank report from January 2025.

    The most valuable Indian companies identified by Burgundy Private Hurun India 500 now total US$3.8 trillion (Rs 324 lakh crore) based on their recent evaluation data which demonstrates a 40% enhancement.

    The combined sales volume of US$1 trillion from these firms generated an 11% increase in revenue which automatically led to higher corporate tax obligations and positively affected overall corporate tax revenue growth.

    These companies provided 19% of the provisional gross corporate tax collection during 2024 which amounted to Rs 2.2 lakh crore because three sectors particularly financial services software and energy generated record profits.

    The companies ranked highest for direct tax payment by Hurun India in 2024

    The Indian companies Reliance Industries and Tata Consultancy Services emerged in 2024 as the corporations that paid the highest direct taxes in India.

    tax

    Reliance Industries maintained the lead as the highest taxpayer with Rs 25,707 crore while Tata Consultancy Services remained in second place with Rs 15,898 crore.

    Vedanta demonstrated the highest corporate tax payment growth during this year at 122% yet HDFC Bank experienced a tax reduction of 28% in terms of corporate tax payments.

    The following list includes the top 10 direct tax-paying companies operating in India for 2024.

    RankCompanyCorporate Tax (INR, Cr)Main Industry
    1Reliance Industries25,707Energy
    2Tata Consultancy Services15,898Software & Services
    3Vedanta12,826Metals & Mining
    4HDFC Bank11,122Financial Services
    5Infosys9,740Software & Services
    6ITC6,389Consumer Goods
    7Kotak Mahindra Bank5,887Financial Services
    8HCL Technologies5,257Software & Services
    9Larsen & Toubro4,947Construction & Engineering
    10Bajaj Finance4,858Financial Services

    Source: Hurun Research Institute, 2024 Burgundy Private Hurun India 500

    Hurun India: Top 10 highest tax-paying corporate sectors in India, 2024

    Below is a list of the top 10 corporate sectors contributing significantly to India’s corporate tax revenue in 2024, along with their highest tax-paying company.

    RankMain IndustryTotal Corporate Tax (INR, Cr)Highest Corporate Tax Paying CompanyCorporate Tax (INR, Cr)
    1Financial Services40,939HDFC Bank11,122
    2Software & Services38,198Tata Consultancy Services15,898
    3Energy29,883Reliance Industries25,707
    4Metals & Mining27,595Vedanta12,826
    5Healthcare17,089Glenmark Pharmaceuticals1,867
    6Consumer Goods10,101ITC6,389
    7Industrial Products8,594Jindal Saw623
    8Telecommunications7,403Bharti Airtel4,121
    9Construction Materials7,157Grasim Industries3,774
    10Construction & Engineering6,577Larsen & Toubro4,947

    Source: Hurun Research Institute, 2024 Burgundy Private Hurun India 500

    For more updates follow: Latest News on NEWZZY

    corporate tax hurun india indian companies
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