Top Tax-payer In India Is SBI pips PNGC
New Delhi, June 18: When the world was reeling under a severe financial crunch, India went out to prove another point — its banking business was not
only profitable but had outperformed all other sectors.
The icing on the cake was the first quarter advance (direct) tax results when for the first time in the history of corporate India, a bank became the country’s highest tax-payer, leaving behind numero uno Oil and Natural Gas Corporation (ONGC).