|
Shah Rukh Khan – the highest income tax payer in Bollywood
02nd Nov 2005 09.02 IST
Shah Rukh Khan , who turns 40 today, is set to become the highest income tax payer in Bollywood as he has already paid an advance tax of Rs 3.75 crores for the year.
Income tax officials at Aaykar Bhavan in Marine Lines poring over the returns filed by various celebrities, confirm this.
Reports are that while mega superstar Amitabh Bachchan and Producer-Director Yash Chopra , are expected to give SRK a run for his worth on the tax metre, Aaykar Bhavan officers say Bachchan and Chopra would be treated as corporate entities as most of the money they make comes from being honchos of the companies they run--ABCL and Yashraj Films respectively.
SRK, for the year 2004-05, has shown his income to be a whopping Rs 13 crores, a jump from Rs 7.5 crores he showed last year. I-T officers say SRK's income has almost doubled over the last year.
Explaining the magical jump, taxmen say that SRK's successful films and the series of entertainment shows abroad have all contributed. If that were not enough, the number of times he is seen on television endorsing some product or the other means some more zeroes to his income.
"He charges about Rs 3 crore per film, takes about Rs 50 lakhs per performance in film-based programmes like award ceremonies and also has a film production house which isn’t doing badly at all. All this makes his tax returns look so good,” an income tax official is reported to have said.
SRK has gone on tours to Malaysia, United Kingdom and the United States, christened Temptation Tours, for several years now and where he has easily been the biggest draw.
SRK’s endorsements are all for companies in the top rung of the corporate world be it auto major Hyundai, electronic-energy conglomerate Videocon, cola giant Pepsi, watch maker Tag Heur, more recently Emami and tobacco behemoth ITC-promoted Sunfeast biscuits.
However, if it is any consolation for mere mortals, this is nothing compared to what the SRK earned in 2002-03 when he declared an income of Rs 20 crore. The following year, his net worth dived to Rs 7 crore and then moved up sharply again to Rs 13 crore in 2004-05.
Seems like SRK is the ‘Baadshah’ of income tax returns also.
02nd Nov 2005 09.02 IST
By Agencies
Shah Rukh Khan , who turns 40 today, is set to become the highest income tax payer in Bollywood as he has already paid an advance tax of Rs 3.75 crores for the year.
Income tax officials at Aaykar Bhavan in Marine Lines poring over the returns filed by various celebrities, confirm this.
Reports are that while mega superstar Amitabh Bachchan and Producer-Director Yash Chopra , are expected to give SRK a run for his worth on the tax metre, Aaykar Bhavan officers say Bachchan and Chopra would be treated as corporate entities as most of the money they make comes from being honchos of the companies they run--ABCL and Yashraj Films respectively.
SRK, for the year 2004-05, has shown his income to be a whopping Rs 13 crores, a jump from Rs 7.5 crores he showed last year. I-T officers say SRK's income has almost doubled over the last year.
Explaining the magical jump, taxmen say that SRK's successful films and the series of entertainment shows abroad have all contributed. If that were not enough, the number of times he is seen on television endorsing some product or the other means some more zeroes to his income.
"He charges about Rs 3 crore per film, takes about Rs 50 lakhs per performance in film-based programmes like award ceremonies and also has a film production house which isn’t doing badly at all. All this makes his tax returns look so good,” an income tax official is reported to have said.
SRK has gone on tours to Malaysia, United Kingdom and the United States, christened Temptation Tours, for several years now and where he has easily been the biggest draw.
SRK’s endorsements are all for companies in the top rung of the corporate world be it auto major Hyundai, electronic-energy conglomerate Videocon, cola giant Pepsi, watch maker Tag Heur, more recently Emami and tobacco behemoth ITC-promoted Sunfeast biscuits.
However, if it is any consolation for mere mortals, this is nothing compared to what the SRK earned in 2002-03 when he declared an income of Rs 20 crore. The following year, his net worth dived to Rs 7 crore and then moved up sharply again to Rs 13 crore in 2004-05.
Seems like SRK is the ‘Baadshah’ of income tax returns also.
Source: By Agencies
|
