Comedy king Kapil Sharma along with 'Dear Zindagi' actress Alia Bhatt and film Director Karan Johar join Salman Khan in the top 10 Bollywood celebrity advance tax payer list for the 2016-17 financial year.
Comedy king Kapil Sharma along with ‘Dear Zindagi’ actress Alia Bhatt and film Director Karan Johar join Salman Khan in the top 10 Bollywood celebrity advance tax payer list for the 2016-17 financial year. The ‘Dabangg’ actor Salman Khan continues to top the list after paying an advance tax of Rs 44.5 crore for the current financial year as compared to Rs 32 crore that he had paid last year. ‘The Kapil Sharma Show’ host has paid Rs 23.9 crore which is 241 percent more advance tax as compared to last years Rs 7 crore. Karan Johar paid Rs 11.7 crore advance tax, while Alia Bhatt has paid Rs 4.33 crore towards her advance tax for the current fiscal year, according to a report in the Indian Express.
Take a look at the top 10 celebrity advance-tax payer’s list-
While Salman Khan is number one on the list, Khiladi Kumar is not too far behind. Akshay Kumar who has had three straight hits this year paid Rs 29.5 crore as his advance tax as compared to Rs 30 crore that he had paid last year. Other actors in the list include Hrithik Roshan who paid Rs 25.5 crore, Ranbir Kapoor who paid Rs 16.5 crore, Deepika Padukone who paid Rs 10.25 crore and Kareena Kapoor Khan who paid Rs 3.9 crore. Mr. Perfectionist of Bollywood, Aamir Khan latest hit Dangal earned Rs 730 crore worldwide and he paid a higher advance tax of Rs 14.8 crore this year which is up by 54 per cent as compared to what he paid in the last fiscal.
What is Advance Tax and who can pay it?
Any person whose tax liability on an estimated income in a financial year is likely to exceed Rs 10,000 pays Advance Tax. Tax Deduction at source (TDS) is considered in order to calculate the tax liability of an individual. According to norms under the Income-Tax Act, non-corporate assessees 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.