Who is the highest tax payer in India? Most people won’t give it a second thought saying it would either be Mukesh Ambani or Gautam Adani; some of the richest men, not just in India but globally. A few could also vouch for Ratan Tata or may be Azim Premji or a Hinduja.
Surprisingly, none of these billionaires make it to the highest tax payers’ list for the 2021-22 financial year, the returns for which were filed recently.
It is none other than bollywood star Akshay Kumar who takes the crown for paying up the most. According to the information given by the Income Tax Department, Akshay Kumar was the biggest taxpayer of India during the last financial year 2021-22. Akshay Kumar had deposited income tax of Rs 29.5 crore in 2022. He had declared his year’s earnings as Rs 486 crore.
Akshay Kumar is counted as not only one of the biggest stars of Bollywood but also one of the highest paid ones. Akshay delivers around 4-5 films in a year. Apart from that, he runs his own production house and sports team. He also earns a lot from the endorsements of various brands. Akshay Kumar has been the top income tax payer in India even before 2022. In the 2020-21 financial year, he had deposited income tax of Rs 25.5 crore.
One may ask: How can richer people like Mukesh Ambani, Gautam Adani or Ratan Tata not be among the top taxpayers in the country. This is because most top businessmen do not have personal property individually on their names on which they have to pay taxes, but they have property in the name of their companies. In such a situation, the earnings also go to the share of their companies, in return for which corporate income tax is paid, which naturally doesn’t count as individual income tax returns. So Akshay’s heroic streak continues in real life too!