No new tax breaks, pain for the super-rich | india | Hindustan Times
Today in New Delhi, India
Apr 28, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

No new tax breaks, pain for the super-rich

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.

india Updated: Mar 01, 2013 07:47 IST
HT Correspondent

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.

http://www.hindustantimes.com/Images/Popup/2013/3/01-03-pg4e.jpg
Is Your Couch Making You Cough?
Promotional Feature