In a revealing new report, Bollywood superstar Shah Rukh Khan has emerged as the highest celebrity taxpayer for the fiscal year 2023-24, making a remarkable advance tax payment of Rs 92 crore. This puts him at the pinnacle of Fortune India Magazine’s recently published ‘The Star Cast’ list. The list, which ranks celebrities based on their advance tax payments, places Tamil cinema’s megastar Vijay in the second position, albeit at a significant distance from Shah Rukh Khan.
Fortune India’s analysis showcases a diverse array of celebrities from both the film and sports industries. Bollywood’s esteemed actor Salman Khan secured the third position, while the legendary Amitabh Bachchan was noted as the fourth highest taxpayer. The report highlighted that Salman Khan paid Rs 75 crore in advance tax, and Amitabh Bachchan contributed Rs 71 crore.
The entertainment industry isn’t the only sector represented in this list. Cricketer Virat Kohli made headlines by paying an impressive Rs 66 crore in advance tax, making him the top taxpayer among cricketers for the fiscal year. “Shah Rukh Khan tops the list of celebrity taxpayers in FY24, while Tamil superstar ‘Thalapathy’ Vijay moves ahead of the likes of Salman Khan, Amitabh Bachchan, and Virat Kohli to secure the second spot,” stated Fortune India.
Expanding on the details, the report lists that Vijay paid Rs 80 crore in advance tax, followed by others like Ajay Devgn who contributed Rs 42 crore. Popular actor Ranbir Kapoor paid Rs 36 crore, while Hrithik Roshan and comedian Kapil Sharma paid Rs 28 crore and Rs 26 crore respectively. Notably, prominent Bollywood actress Kareena Kapoor made it to the list by paying Rs 20 crore in taxes.
Further, other significant contributors from the film industry include Shahid Kapoor and South Indian actors Mohan Lal and Allu Arjun, each paying Rs 14 crore. Rising star Kiara Advani also made an appearance with an advance tax payment of Rs 12 crore.
. The list continues with noted celebrities such as Katrina Kaif and Pankaj Tripathi, both contributing Rs 11 crore each in advance tax, while Amir Khan paid Rs 10 crore.
From the cricketing world, veteran cricketer M S Dhoni paid Rs 38 crore in advance tax, underscoring his continued prominence both on and off the field. Other cricketing icons such as Sachin Tendulkar and Sourav Ganguly paid Rs 28 crore and Rs 23 crore respectively, reflecting their ongoing influence and earnings in the industry. Adding to the list, Hardik Pandya and Rishabh Pant paid Rs 13 crore and Rs 10 crore respectively.
The report’s release has sparked discussions across various sectors about the financial clout and commitment of these celebrities to the nation’s development. The significant figures highlight the immense earnings and subsequent tax contributions these stars make, shedding light on their financial responsibilities.
Fortune India’s in-depth listing serves as a testament not only to the earning power of these influential personalities but also to their role in contributing to the nation’s economy. The advance tax payments recorded offer an insightful look into how the entertainment and sports industries play vital roles in economic growth.
The publication of this list comes at a time when India’s entertainment and sports sectors are flourishing with rapidly increasing revenues, underscoring the financial impact these industries have on the broader economy. As these sectors continue to grow, the tax contributions of their leading figures are likely to follow suit, further driving economic progress.
In conclusion, Fortune India’s ‘The Star Cast’ list for the fiscal year 2023-24 paints a comprehensive picture of the highest celebrity taxpayers in the country. With Shah Rukh Khan leading the charge, followed by notable figures like Vijay, Salman Khan, Amitabh Bachchan, and Virat Kohli, the report underscores the significant contributions these figures make to the nation’s economy. As the Indian entertainment and sports industries continue their upward trajectory, the financial clout of their leading stars will remain a critical component in shaping the economic landscape. Published on September 06, 2024, this report sheds light on the massive incomes and corresponding tax responsibilities of India’s most beloved celebrities.
