Reliance Industries is generally recognized as the highest overall taxpayer in India, covering significant corporate tax, with a contribution of ₹25,707 crore in FY24. While specific, public, and ranked data exclusively for GST (Goods and Services Tax) alone is often not publicly released, Reliance's massive, diversified operations in oil, telecom, and retail make it the largest tax contributor.
The top 10% of the population, representing the highest income earners, is responsible for 26.63% of the total Household GST collected and 9.12% of the Total GST collected.
Maximum marginal rate is the highest rate of tax at any income level. This means for those with incomes between Rs 2 crore and Rs 5 crore, 39% will be the highest applicable tax rate, and for those with incomes above Rs 5 crore, it will be 42.74% — the highest tax rate since 1992.
Who was the Highest Individual Taxpayer in India in 2021? In FY22, the highest individual taxpayers were led by Mukesh Ambani, who paid Rs. 2,300 crore in taxes, followed by Ratan Tata with Rs. 2,000 crore.
🚨 Top 10 richest actors in India in 2025.
Shah Rukh Khan, Thalapathy Vijay, Salman Khan, Virat Kohli and many others also pay huge amounts every year. These numbers come from public reports and estimates, but they clearly show how big the earnings of Indian superstars really are.
In India, the 30% income tax rate generally applies to individuals earning above ₹24 Lakhs (under the old regime/default for some) or ₹15 Lakhs (under the new optional regime for FY 2025-26) and to firms (as a flat rate), while certain income types like lottery winnings, online gaming, and virtual digital assets (like crypto) are taxed at a flat 30% for everyone, regardless of total income.
Amitabh Bachchan tops the list with ₹120 crore in taxes, followed by Shah Rukh Khan at ₹92 crore and Vijay Thalapathy at ₹80 crore. Salman Khan and Virat Kohli also contributed huge amounts, proving their influence goes beyond fame.
In her 2025 Budget speech, Finance Minister Nirmala Sitharaman shared big news. Under the new regime, if you earn up to Rs 12 lakh, you will not have to pay any income tax. Salaried taxpayers get an extra benefit too. The standard deduction, which was Rs 50,000 before, has now gone up to Rs 75,000 for the new regime.
According to government reports, while over 7 crore people file tax returns, only a fraction of them actually pay taxes because many fall below the taxable income threshold or use deductions to reduce liability.
Other countries collect 10 to 60 per cent of the tax. India collects 42.74, Canada 33, US 37, Finland 56.95, France 45, UK 45, Germany 45, Hong Kong 15, China 45, Singapore 22, Japan 55.97, Australia 45, and Singapore 22 per cent of tax charges.
Smt. Nirmala Sitharaman | Goods and Services Tax Council.
Australia's tax rate is the fourth lowest of the 32 OECD countries which have a VAT or GST and is around half the unweighted OECD average rate of 19.2 per cent. Hungary has the highest tax rate at 27 per cent, while Canada has the lowest tax rate at 5 per cent.
2.5 Lakhs and 5 Lakhs are subject to 5 per cent tax; those earning between 5 Lakhs and 10 lakhs rupees, 20 percent tax; and those above 10 lakhs, a 30 percent rate. Further you are not required to any Income-tax if your total income doesn't exceed Rs. 5,00,000.
Examples of income that are not taxable in India include agricultural income, gifts and inheritances, interest on EPF and PPF, scholarships and awards, life insurance proceeds, leave encashment, gratuity, Long-Term Capital Gains (LTCG), and interest on tax-free bonds.
Top 5 Tax Payers: 1️⃣ Amitabh Bachchan: ₹120 Cr. 2️⃣ Shah Rukh Khan: ₹92 Cr. 3️⃣ Vijay Thalapathy: ₹80 Cr.
The 40% GST is now a single consolidated rate for sugar-added, flavoured, or carbonated drinks, including cola, lemonade, and fruit-based fizzy beverages. The previous 12% compensation cess has been removed.
GST/HST Is a Flow-Through Tax
You are NOT the one paying this tax. The consumer ultimately pays GST/HST at the point of purchase.