Tata Group emerged as the largest taxpayer contributing 10.3 per cent to the total corporate tax kitty of the government, amounting to Rs 15,130.83 crore in the financial year 2006-07.
    Major fifty companies of India Inc shelled out Rs 29,748 crore, with 20.3 per cent share in the corporate tax collection in the last fiscal and it is further expected to grow at the rate of 18 per cent in this fiscal, data compiled by Assocham reported on Thursday.  Despite witnessing a negative growth rate of 39 per cent in tax cost, Reliance Industries was the second highest taxpaying group, carving up to Rs 2, 372 cr with 1.6 per cent to government’s collections.
Aditya Birla Group emerged as the third largest tax paying business house, with 0.93 per cent share in the corporate tax revenue of the government. The consolidated amount of tax paid by all the companies in the group was Rs 1, 364.1 crore.
Government collected Rs 1,46,497 crore by means of corporate tax imposed at the rate of 30 per cent.
Leading the way
Tata Steel emerged as the leader with a share of 5.75 per cent amounting to Rs 8,426.76 crore and recording a growth rate of 22 per cent in 2006-07. Following this Tata Tea became the second largest taxpayer accounting for 2 per cent share at Rs 3,037.54 crore, registering 28 per cent growth rate.
ITC stood as the third largest contributor of Rs 1, 472.84 crore accounting to one per cent share in the corporate tax revenue, appending a growth of six pc from last year. Tata Motor contributed Rs 1, 364.32 crore and was the fourth largest taxpayer.