Sir Taraknath Palit (1831–1914) was an Indian lawyer from the Bengal Presidency and a philanthropist.

[2] Taraknath graduated from college at the Hindu School, Kolkata and then he studied law in England.

"[2] He was one of the main figures behind the foundation of Bengal Technical Institute at the height of Swadeshi Movement, along with Maharaja Manindra Chandra Nandy,[2] Bhupendra Nath Bose, Nilratan Sircar and Rashbihari Ghosh.

In June and October 1912, he executed two trust deeds for Calcutta University, donating Rs 1.5 million.

[6][nb 1] His donations helped fund the 27 March 1914 creation of the University College of Science and Technology.