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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
HT Correspondent
Hindustan Times
Hindustantimes

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.

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