Who is the biggest tax payer in India in 1992?

Who is the highest taxpayers in India 1990?

Analjit Singh, the founder and chairman of Max India, a diversified business group with interests in healthcare, IT services, and financial services, is India’s highest individual taxpayer, ET reported on Thursday. He paid advance tax of Rs 99.7 crore (Rs 997 million).

How much tax did Harshad Mehta pay in 1992?

On Wednesday, a total of Rs 2,196 crore was paid by the Custodian. So far, over Rs 4,000 crore, including the latest disbursal have been paid on behalf of the HMG alone.

How many individual taxpayers are there in India?

A total of 5.78 crore individuals filed their income tax returns for the financial year 2018-19. Out of this, 4.32 crore individuals reported income below the tax bracket. A further breakup of the number reveals that 3.16 lakh people reported an income of over Rs 50 lakh.

How much is the income tax in Harshad Mehta?

Harshad Mehta scam: Family free of over Rs 2,000cr income tax demand after 27 years.

What was the highest tax rate in 1970?

Economic growth and corporate tax rates, 1947–2010

IT IS INTERESTING:  Can I start a business at 16 in India?
Year Real GDP growth Statutory rate
1969 3.1% 52.8%
1970 0.2% 49.2%
1971 3.3% 48.0%
1972 5.2% 48.0%

What was the income tax rate in 1990?

The 1990s-2012

During the 1990s, the top rate jumped to 39.6 percent. However, the Economic Growth and Tax Relief and Reconciliation Act of 2001 dropped the highest income tax rate to 35 percent from 2003 to 2010.

What was Harshad Mehta net worth in 1992?

According to a report by the Janakiraman Committee of RBI, the 1992 scam was worth Rs 4025 crore. The biggest case in this was of 600 crore fraud done with SBI.

Did Harshad Mehta pay all money?

Harshad Mehta made some sensational claims in the aftermath of the securities scam. One of those claims was that he received support from powerful people in the government. He even claimed to have paid Rs 1 crore to the then Prime Minister PV Narasimha Rao. The charges were never proven.

Is Harshad Mehta family rich?

It was worth ₹2.014 crores on late Harshad Mehta, his brother Ashwin Mehta, and his wife Jyoti. His wife Jyoti Mehta also won a case in the same year against Federal Bank and stockbroker Kishore Janani. They owed apparently ₹6 crores since 1992 to Harshad Mehta.

Contradictory India