These 17 Indian companies pay low taxes
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Finance Minister P Chidambaram has asked the Income Tax department to focus on the companies that pay less than effective tax rate of 24 per cent. The following is the list of companies from the Nifty, which fall in this category.
Ranbaxy Laboratories
Year End: Dec 2011
Loss: Rs 2,686 crore
Tax: Rs 218 crore
Effective tax rate (%): Nil
Data source: CapitalinePlus
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Image: Ranbaxy Laboratories.
These 17 Indian companies pay low taxes
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Cairn India
Year End: Mar 2012
Profit before tax: Rs 8,423 crore
Tax: Rs 373 crore
Effective tax rate (%):4.4
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Image: Cairn India employees work at a storage facility for crude oil at Mangala oil field at Barmer in Rajasthan.
Photographs: Parth Sanyal/Reuters.
These 17 Indian companies pay low taxes
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Reliance Infrastructure
Year End: Mar 2012
Profit before tax: Rs 1,804 crore
Tax: Rs 175 crore
Effective tax rate (%): 9.7
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Image: Gurgaon-Faridabad road.
These 17 Indian companies pay low taxes
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Sun Pharma
Year End: Mar 2012
Profit before tax: Rs 3,355 crore
Tax: Rs 383 crore
Effective tax rate (%):11.4
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Image: Sun Pharma.
These 17 Indian companies pay low taxes
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Bank of Baroda
Year End: Mar 2012
Profit before tax: Rs 6,304 crore
Tax: Rs 1,088 crore
Effective tax rate (%): 17.3
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Image: Bank of Baroda.
These 17 Indian companies pay low taxes
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HCL Tech
Year End: Jun 2012
Profit before tax: Rs 2,361 crore
Tax: Rs 410 crore
Effective tax rate (%):17.4
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Image: HCL Tech wins Golden peacock award.
These 17 Indian companies pay low taxes
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Tata Motors
Year End: Mar 2012
Profit before tax: Rs 13,534 crore
Tax: Rs 2,525 crore
Effective tax rate (%):18.7
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Image: Tata Storme.
These 17 Indian companies pay low taxes
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Jindal Steel
Year End: Mar 2012
Profit before tax: Rs 5,189 crore
Tax: Rs 1,000 crore
Effective tax rate (%): 19.3
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Image: Jindal Steel.
These 17 Indian companies pay low taxes
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Maruti Suzuki
Year End: Mar 2012
Profit before tax: Rs 2,145 crore
Tax: Rs 418 crore
Effective tax rate (%): 19.5
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Image: Maruti plant at Manesar.
Photographs: Adnan Abidi/Reuters
These 17 Indian companies pay low taxes
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ACC
Year End: Dec 2011
Profit before tax: Rs 1,505 crore
Tax: Rs 296 crore
Effective tax rate (%): 19.6
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These 17 Indian companies pay low taxes
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Cipla
Year End: Mar 2012
Profit before tax: Rs 1,448 crore
Tax: Rs 286 crore
Effective tax rate (%): 19.8
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Image: Cipla corporate office.
These 17 Indian companies pay low taxes
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Reliance Industries
Year End: Mar 2012
Profit before tax: Rs 25,408 crore
Tax: Rs 5,226 crore
Effective tax rate (%):20.6
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Image: Reliance Industries oil rig.
These 17 Indian companies pay low taxes
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Hindalco Industries
Year End: Mar 2012
Profit before tax: Rs 4,345 crore
Tax: Rs 925 crore
Effective tax rate (%):21.3
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These 17 Indian companies pay low taxes
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Wipro
Year End: Mar 2012
Profit before tax: Rs 6,981 crore
Tax: Rs 1,584 crore
Effective tax rate (%):22.7
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Image: Wipro chairman Azim Premji.
Photographs: Reuters.
These 17 Indian companies pay low taxes
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Sterlite Industries
Year End: Mar 2012
Profit before tax: Rs 9,872 crore
Tax: Rs 2,248 crore
Effective tax rate (%):22.8
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Image: Anil Agarwal, chairman, Sterlite Industries.
These 17 Indian companies pay low taxes
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Hindustan Unilever Ltd
Year End: Mar 2012
Profit before tax: Rs 3,622 crore
Tax: Rs 832 crore
Effective tax rate (%):23.0
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