The Top 10 Highest Tax Paying Companies in 2024-25 from India 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.
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Most Valuable Indian Companies
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.
Top 10 Highest Tax Paying Companies in 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.
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.
| Rank | Company | Corporate Tax (INR, Cr) | Main Industry |
| 1 | Reliance Industries | 25,707 | Energy |
| 2 | Tata Consultancy Services | 15,898 | Software & Services |
| 3 | Vedanta | 12,826 | Metals & Mining |
| 4 | HDFC Bank | 11,122 | Financial Services |
| 5 | Infosys | 9,740 | Software & Services |
| 6 | ITC | 6,389 | Consumer Goods |
| 7 | Kotak Mahindra Bank | 5,887 | Financial Services |
| 8 | HCL Technologies | 5,257 | Software & Services |
| 9 | Larsen & Toubro | 4,947 | Construction & Engineering |
| 10 | Bajaj Finance | 4,858 | Financial Services |
Source: Hurun Research Institute, 2024 Burgundy Private Hurun India 500
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.
| Rank | Main Industry | Total Corporate Tax (INR, Cr) | Highest Corporate Tax Paying Company | Corporate Tax (INR, Cr) |
| 1 | Financial Services | 40,939 | HDFC Bank | 11,122 |
| 2 | Software & Services | 38,198 | Tata Consultancy Services | 15,898 |
| 3 | Energy | 29,883 | Reliance Industries | 25,707 |
| 4 | Metals & Mining | 27,595 | Vedanta | 12,826 |
| 5 | Healthcare | 17,089 | Glenmark Pharmaceuticals | 1,867 |
| 6 | Consumer Goods | 10,101 | ITC | 6,389 |
| 7 | Industrial Products | 8,594 | Jindal Saw | 623 |
| 8 | Telecommunications | 7,403 | Bharti Airtel | 4,121 |
| 9 | Construction Materials | 7,157 | Grasim Industries | 3,774 |
| 10 | Construction & Engineering | 6,577 | Larsen & Toubro | 4,947 |
Source: Hurun Research Institute, 2024 Burgundy Private Hurun India 500
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