No new tax breaks, pain for the super-rich
HT Correspondent, Hindustan Times
New Delhi, March 01, 2013
First Published: 00:33 IST(1/3/2013)
Last Updated: 07:47 IST(1/3/2013)
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Except for offering concessions for those who earn between Rs. 2-5 lakh and a 10% surcharge on India's super-rich whose annual taxable income is more than Rs. 1 crore, the finance minister did not tinker too much with existing tax rates as well as slabs.
All eyes are on Direct Taxes Code,
which he hopes to roll out shortly.