BS Reporter in Mumbai
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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These 17 Indian companies pay low taxes
Photographs: Parth Sanyal/Reuters.
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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These 17 Indian companies pay low taxes
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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These 17 Indian companies pay low taxes
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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These 17 Indian companies pay low taxes
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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These 17 Indian companies pay low taxes
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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These 17 Indian companies pay low taxes
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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These 17 Indian companies pay low taxes
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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These 17 Indian companies pay low taxes
Photographs: Adnan Abidi/Reuters
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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These 17 Indian companies pay low taxes
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
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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These 17 Indian companies pay low taxes
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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These 17 Indian companies pay low taxes
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
Photographs: Reuters.
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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These 17 Indian companies pay low taxes
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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These 17 Indian companies pay low taxes
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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These 17 Indian companies pay low taxes
NTPC
Year End: Mar 2012
Profit before tax: Rs 13,137 crore
Tax: Rs 3,106 crore
Effective tax rate (%):23.6
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