1. Salman Khan is highest advance tax payer in Bollywood for 2016-17

Salman Khan is highest advance tax payer in Bollywood for 2016-17

Salman Khan has once again become the numero uno actor in the list of top Bollywood celebrity advance-tax payers for the financial year 2016-17.

By: | New Delhi | Updated: March 22, 2017 1:45 PM
salman khan, salman khan tax, bollywood tax payer, salman khan news, bollywood news Salman Khan has once again become the numero uno actor in the list of top Bollywood celebrity advance-tax payers for the financial year 2016-17 (Source: IE)

Salman Khan has once again become the numero uno actor in the list of top Bollywood celebrity advance-tax payers for the financial year 2016-17, according to The Indian Express report. According to data, Khan has paid an advance tax of Rs 44.5 crore for 2016-17. The amount was up by 39 per cent from Rs 32 crore that he had paid in 2015-16. Khan’s movie ‘Sultan’, which was released during Eid in 2016, was the second highest Bollywood grosser. It had grossed over Rs 500 crore worldwide.

Akshay Kumar, came second in the list, paid 29.5 crore for 2016-17. Kumar paid Rs 30 crore in 2015-16. Hrithik Roshan paid 25.5 crore in 2016-17. In 2015-16, Roshan paid 14 crore. Notably, comedian Kapil Sharma, producer and director Karan Johar, and actor Alia Bhatt are the new entrants in the list.

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Superstar Aamir Khan, whose movie Dangal was in December, grossed over 350 crore in domestic box office. Johar, who was in the news due to Ae Dil Hai Mushkil and his adoption, has paid 11.7 crore. Johar was followed by Deepika Padukone, who has paid 10.25 crore.

Source- IE

Advance Tax is tax paid by individuals if the tax liability on estimated income is likely to exceed Rs 10,000 during the financial year. This tax liability is calculated after considering tax deducted at source (TDS). As per the norms under the Income-Tax Act, non-corporate assesses have to pay 30 per cent of their total advance tax in the second quarter, followed by 30 per cent and 40 per cent in the next two quarters, respectively on their projected earnings.

Khan will be seen in his next movie ‘Tubelight’ which is slated to be released during Eid this year. Tubelight marks the third collaboration of Salman and Kabir, the actor-director duo has previously worked in “Ek Tha Tiger” and “Bajrangi Bhaijaan”. The film also features Chinese actress Zhu Zhu and late actor Om Puri, alongside Salman and Matin.

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