Mukesh Ambani, chairperson of Reliance Industries Limited (RIL) is celebrating his 68th birthday today. He was born on April 19, 1957 in Yemen to Dhirubhai Ambani and Kokilaben Ambani. Mukesh is India’s wealthiest person, and he has transformed Reliance into a global conglomerate. According to Bloomberg Billionaires Index, his net worth is $92.1 billion, making him the 16th richest person in the world.
House staff of the Ambanis to receive generous pay from the family, making the salaries of their private chefs and drivers more than few executives of the multinational companies. Top driving agencies carry on the recruitment process of Ambani’s drivers. Moreover, these drivers have advanced knowledge of passenger safety mechanics, alongside luxury and commercial vehicle operation, and challenging route navigation.
Ambanis carcade’s security protocol includes bulletproof equipment installed in their entire vehicle collection to guarantee maximum protection. According to a report by Hindustan Times, Mukesh Ambani’s driver’s yearly salary was Rs 24 lakh, which is equivalent to many senior executives of multinational companies.
How Much Income Tax Did Driver of Mukesh Ambani Pay?
If we assume, his monthly salary to be Rs 24 lakh in Financial Year 2025-26, here’s the potential income tax, he’ll under the new and old tax regime.
Under New Tax Regime:
If the driver is earning Rs 24 lakh, he is liable to Rs 20,000 for the income between ₹4 lakh and ₹8 lakh. Rs 40,000 for the income between ₹8 lakh and ₹12 lakh, Rs 60,000 for the income between ₹12 lakh and ₹16 lakh, Rs 80,000 for the income between ₹16 lakh and ₹20 lakh, and Rs 1,00,000 for the income between ₹20 lakh to ₹24 lakh. This makes his tax liability Rs 2,80,000. He can also claim a standard deduction of Rs 75,000, which takes his tax liability to Rs 2,05,000 under the new regime.
Under Old Tax Regime:
If the driver is earning Rs 24 lakh, he is liable to Rs 20,000 for the income between ₹3,00,001 and ₹7,00,000. Rs 30,000 for the income between ₹7,00,001 and ₹10,00,000, Rs 30,000 for the income between ₹10,00,001 and ₹12,00,000, Rs 60,000 for the income between ₹12,00,001 and ₹15,00,000, and Rs 2,70,000 for the income above ₹15,00,000. This makes his tax liability Rs 4,10,000. However, he can also claim certain deductions under the old regime.
Old Tax Regime Vs New Tax Regime
New Tax Slabs Under New Regime
| Income Range | Tax Rate |
|---|---|
| ₹0 to ₹4 lakh | Nil |
| ₹4 lakh to ₹8 lakh | 5% |
| ₹8 lakh to ₹12 lakh | 10% |
| ₹12 lakh to ₹16 lakh | 15% |
| ₹16 lakh to ₹20 lakh | 20% |
| ₹20 lakh to ₹24 lakh | 25% |
| Above ₹24 lakh | 30% |
Old Tax Slabs Under New Regime
| Income Range | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 to ₹7,00,000 | 5% (Tax rebate under Section 87A up to ₹7 lakh) |
| ₹7,00,001 to ₹10,00,000 | 10% |
| ₹10,00,001 to ₹12,00,000 | 15% |
| ₹12,00,001 to ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
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