Contributed Rs 2.74 Lakh Crore To Exchequer In Past 10 Years, Says Vedanta


The tax contribution consists of company revenue taxes, royalties, profit-oil, and vital oblique contributions by means of withholding taxes and oblique taxes

Natural sources main Vedanta on Tuesday stated it has made a contribution of Rs 2.74 lakh crore to the exchequer up to now 10 years. During 2020-21, Vedanta’s contribution to the exchequer was Rs 34,562 crore, which accounts for 40 p.c of the consolidated turnover, the corporate stated in an announcement. 

“Over the past 10 years, the company has made a total contribution of Rs 2.74 lakh crore to the national exchequer,” it stated. Despite the challenges posed by the COVID-19 pandemic through the fiscal, Vedanta’s tax contribution in FY21 was almost Rs 550 crore increased than the earlier monetary yr.

The tax contribution consists of company revenue taxes, royalties, profit-oil, and vital oblique contributions by means of withholding taxes and oblique taxes, it stated.

Vedanta added it’s the solely company within the nation to return out with such an in depth report that breaks down key parts like financial worth generated, taxes paid and contribution by every of the companies.

In phrases of direct taxes, the corporate’s contribution to the exchequer is among the many high by firms within the non-public sector, it famous. A direct financial worth of Rs 94,090 crore was generated through the yr.

“Operating responsibly is an integral part of our ethos and governance. In the past 10 years Vedanta has made a significant tax contribution of Rs 2.74 lakh crore to the exchequer,” Vedanta Group CEO Sunil Duggal stated.

(PTI)




Leave a Reply

Your email address will not be published. Required fields are marked *