Highest Tax Paying Businessmen in India - Page 7

Highest Tax Paying Businessmen in India

By SiliconIndia   |   Wednesday, 26 October 2011, 13:24 Hrs   |    5 Comments
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Vikram Akula

The founder of SKS Microfinance paid an advance tax of 14.2 Crore in 2009-2010 which is triple times more than his tax payment in 2008-2009. His company is one of the rapidly growing microfinance organizations in the world. They provide money for the women who live in the poor regions of India. They also provide loans that are interest free to the members at emergencies and life insurance. The NGO wing of theirs named SKS foundation works on the ultra poor programme.

Akula was previously with Mckinsey & Company as a managing consultant and cultivated his experience in microfinance and also obtained a Ph.D. from the University of Chicago. He sold a part of his venture in the company just before the initial public offer and came down from his CEO position.

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Reader's comments(5)
1: its not the tax ..its the hard earned money we paying to fill minister's pockets
Posted by:tan - 27 Oct, 2011
Sorry...what you said is not correct. There is private Tax to minimize the original Tax and fill minister's pockets.

This was in addition to the Tax paid. In general they will workout on persentage basis.
CJC Chakravarthy Replied to: tan - 27 Oct, 2011
oh paaji
theekh sey dekho,ap trax bhar rahey hai,bank mein deposit nahin

hydr Replied to: tan - 27 Oct, 2011
If you are so concerned...dont vote due ! But dont crib and cry and complain. YOU are eqyally part of this system as I am and the other billion indians are.
Ritesh Replied to: tan - 27 Oct, 2011
With technologies so forward and India being the largest exporter of technology, why can't we build our own digital systems that includes the voting systems, which would increase in the turnover of the voters.
Indian Replied to: Ritesh - 27 Oct, 2011