Reliance highest income tax payer in private sector in India

Reliance Industries' Mukesh Ambani, while speaking at the company's 40th annual meeting, said it is India's highest income tax payer in the private sector, and paid ₹8,880 crore during the year. Moreover, Reliance paid ₹29,637 crore of customs and excise duty, 5% of India's total. Ambani further said Reliance's ₹29,901 crore net profit is the highest in Indian corporate sector.