Our tax and other contributions
Taxes serve as a fundamental source of revenue for the Governments and are crucial in financing both development initiatives and socio-economic programmes. Consequently, taxes present a substantial opportunity for businesses to showcase their equitable contributions to nation-building covering society, public services, infrastructure, economic advancement and social welfare.
We consider tax as a material topic that plays a significant role in making economic and social contributions facilitating achievement of sustainable development goals. This dedication is in harmony with our aspiration to become a global leader in businesses that enhance lives and assist nations in developing infrastructure through the creation of sustainable value. We believe that companies are under an obligation to comply with prevailing tax legislations and the Management owns a responsibility to the stakeholders to address expectations of good tax practice.
We are committed to fulfilling our tax responsibilities in all jurisdictions where we conduct business. Our approach to taxation and governance is structured to support such objectives and our goal is to consistently meet our tax obligations promptly, aligning with value creation and adhering to the relevant laws in each jurisdiction in which we operate.
As one of the foremost contributors to the exchequers, we acknowledge our duty to operate with integrity and accountability. Our belief is rooted in the creation of sustainable value for all stakeholders over the long term and we seek to affirm our dedication to transparency, build trust among stakeholders and support the establishment of a more accountable global tax framework.
The Board periodically reviews all strategic tax matters in its meetings. Comprehensive due diligence is carried for Mergers and Acquisitions, to effectively manage risks and ensure certainty.
Continuous tracking and monitoring of changes in tax legislations and policies
Regular review of controls and governance practices to prevent non-compliances
Engage external tax expertise to get clarity on the tax laws, wherever needed
Examine industry peers’ tax approach to manage tax risks
ATGL contributed ₹1,286 crore in tax payments across direct, indirect and other contribution categories in FY 2024-25.
(₹ in crore)
Gujarat
Haryana
Rajasthan
Uttar Pardesh
Madhya Pradesh
Tamil Nadu
Karnataka
Maharashtra
Odisha
Assam
Chhattisgarh
Jharkhand
Punjab
Delhi
Kerala
Map not to scale (for representation purposes only)
We have engaged professional consultants to provide an independent assurance report on the Tax and other contributions to the exchequer. The basis for preparation and our approach to tax can be accessed through following link: