Who are Gujarat’s top Income Tax payers? Here are some names

Ahmedabad, 21 March 2013

Gujarat’s top individual taxpayer this year is pharma businessman Navnitlal Shah who has paid Rs 10.50 crore advance tax. Last year he had paid Rs 3.25 crore tax. On the second number is Manoj Mansukhani who has paid Rs 5.50 crore advance tax, which was Rs 4 crore last year. Third is Balvantrai Batliwala who paid Rs 5.23 crore tax this year, little lesser than Rs 5.30 crore last year.

Top corporate tax payer in Gujarat is Axis bank with Rs 2431.58 crore tax, followed by Gujarat Mineral Development Corporation(GMDC) Rs 288.50 crore, Gujarat State Petroleum Corporation(GSPC) Rs 348.03 crore, Gujarat State Fertilizers and Chemicals Ltd(GSFC) with Rs 299 crore, Adani Port and Special Economic Zone Rs 240 crore, Gujarat State Petronet Limited Rs 199 crore, Gujarat Fluorochemicals Limited Rs 135 crore, Sun Pharma Rs 133 crore and Gujarat Narmada Valley Fertilizers Company Limited (GNFC) Rs 129.40 crore.

Other notable companies in two twenty: Torrent Power Rs 116 crore, 62% down compared to last year, Torrent pharma Rs 105 crore, Intas Rs 64.70 crore. FAG Bearing Rs 56 crore, AIA Engineering Rs 64 crore. There are nine cooperative banks in the top twenty list of advance tax payers in Gujarat. Seven of them have shown increase in tax payment this year compared to last year.