Less Taxing, More Rewarding

Yes, India Inc. believes so. The country’s 500 most valuable companies were generous with dividends. It's hardly surprising then that promoters, the largest shareholders in companies, turned out to be the biggest beneficiaries. Equity dividends paid by these companies touched ₹2.27 lakh crore in FY20, which was a high of at least five years. They grew 14.7 per cent compared to 2.8 per cent increase in FY19 and average growth of 9.2 per cent in previous three years. This was despite a 26.6 per cent fall in their combined net profit as