Akshay Kumar is the biggest tax-payer among actors
Bollywood star Akshay Kumar has emerged as one of the biggest tax-payers amongst actors, by paying a quarterly advance tax of Rs six crore.mumbai Updated: Dec 14, 2010 22:08 IST
Bollywood star Akshay Kumar has emerged as one of the biggest tax-payers amongst actors, by paying a quarterly advance tax of Rs six crore.
The Khiladi star, whose tax payment grew from Rs 4.5 crore in the corresponding period in 2009 to 2010's Rs six crore, has others like Ranbir Kapoor, Kareena Kapoor and Katrina Kaif for company in the club of stars whose tax payments have risen year-on-year.
However, 2010's October-December period does not seem to be so blissful for stars like Aamir Khan and Hrithik Roshan, whose advance tax payments have declined in 2010, an Income Tax source said.
As against the Rs 4-crore in advance tax he had paid in 2009, Aamir Khan paid Rs 3.70-crore 2010 while Hrithik Roshan's advance tax payment came down by half to Rs 1-crore, the source said.
Ranbir Kapoor paid Rs 2.5-crore in advance tax versus 2009's nil but the source was quick to point out that in 2009 the star from the Kapoor clan had chosen not to pay any advance tax in this period.
However, the source said that these are preliminary numbers as the deadline for filing returns is on Wednesday.
Advance tax payment system is a way of staggered payment of taxes and is kept for the benefit of tax-payers who find difficulties arranging a big amount at the end of each fiscal. Generally, the advance tax payments - which happen on a quarterly basis, are seen as a barometer of the tax payer's annual income.