Reliance Industries Limited (RIL) is the highest corporate taxpayer in India for FY 2024–25, paying over ₹25,707 crore in corporate tax. Among individuals for the same period, Bollywood superstar Amitabh Bachchan is reported as the highest taxpayer, with a tax liability of ₹120 crore.
Reliance Industries
RIL paid the highest tax with a sum of Rs. 20,713 crore in taxes during the financial year 2022-23.
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.
The Highest Individual Taxpayer – Mr Amitabh Bachchan
1 spot on this list by paying a huge amount of Rs. 120 crore as tax. The superstar earned an approximate amount of Rs350 crore in the financial year 2024-25 from various sources.
Adani — India's 2nd richest man figures no where among top 10 Tax Paying Companies or Individuals.
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.
🚨 Top 10 richest actors in India in 2025.
Kareena Kapoor Khan has become the highest tax paying female celebrity of India for the year 2024. As per a recent list, with Rs 20 crore, the actor is on the top of the list, followed by Kiara Advani in the second spot with Rs 12 crore tax. Katrina Kaif took the third spot in the list with Rs 11 crore tax paid.
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.
1. Who is the highest taxpayer in India in FY 2023–24? Reliance Industries is the highest tax-paying company, and Akshay Kumar tops among individual celebrities.
While middle-income earners are paying more in taxes, corporate profits and personal wealth of the rich continue to benefit from relatively light taxation through lower rates, exemptions and incentives. Over the last decade, India's tax regime has tilted in favour of corporates and indirect taxes.
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.
There isn't one single "highest tax paying country" as it depends on what's measured (income, corporate, total tax revenue), but countries like Denmark, Finland, Japan, and Ivory Coast (Côte d'Ivoire) consistently rank highest for top personal income tax rates, often exceeding 50-60%, while nations like Belgium can have the highest overall tax burden on labor (tax wedge) for average earners, with high social security. Nordic countries and some European nations generally have high income taxes, funding extensive social services.
Alia Bhatt
Alia Bhatt paid Rs. 10 crore in taxes, securing her position among the highest tax-paying female stars.
Meet the Kumar family
They run T-Series, the biggest name in the Indian music and film business. In fact, they are not only the wealthiest in Bollywood but also the richest family in all of Indian cinema.
Tax Rates and Deductions Comparison
In 2025, India's tax slabs range from 0% on income up to ₹4 lakh to 30% above ₹15 lakh under the new regime. The US has progressive tax brackets starting at 10% going up to 37%.
Under India's income tax laws, individuals below 60 years of age are not liable to pay tax if their annual income is less than ₹2.5 lakh under the old tax regime. The Union Budget 2025 has significantly increased the exemption.
Obtain a Tax Residency Certificate (TRC)
For instance, if you are a tax resident of the US, you can claim relief in India under the India-US DTAA subject to obtaining a Tax Residency Certificate (TRC) from the US revenue authorities, electronically filed declaration in Form 10F, etc.