Reliance Industries Limited (RIL) is a Fortune 500 company and India's largest private sector corporation. RIL paid the highest tax with a sum of Rs.20,713 crore in taxes during the financial year 2022-23.
State Bank of India (SBI), a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. SBI paid a total sum of Rs.17,649 crore in taxes during the financial year 2022-23.
The Housing Development Finance Corporation Limited or HDFC Ltd, was among the first financial institutions in India to receive an “in principle” approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. The bank paid Rs.15,350 crore in taxes during the financial year 2022-23.
Tata Consultancy Services (TCS) is an IT services, consulting, and business solutions organization partnering with many of the world’s largest businesses for the past 50 years. TCS paid the Indian government Rs.14,604 crore in tax.
ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. The bank paid Rs.11,793 crore to the Indian Government as tax.
Oil and Natural Gas Corporation (ONGC) was founded on 14 August 1956 by the Government of India. It is the largest government-owned oil and gas explorer and producer in the country. ONGC paid a total sum of Rs.10,273 crore in taxes during the financial year 2022-23.
Tata Steel was established in India as Asia's first integrated private steel company in 1907. The company was developed in India's first industrial city, Jamshedpur. Tata Steel paid Rs.10,160 crore in taxes during the financial year 2022-23.
Coal India Limited (CIL), the state-owned coal mining corporation came into being in November 1975. With a modest production of 79 Million Tonnes (MTs) at the year of its inception, CIL today is the single largest coal producer in the world. Coal India paid Rs.9,876 crore in taxes during the financial year 2022-23.
Established in 1981, Infosys is a NYSE-listed global consulting and IT services company with over 336k employees. The company paid Rs.9,214 crore to the Indian Government as tax.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The bank paid Rs.7,703 crore to the Indian Government as tax.