Posts Tagged ‘35% tax slab super rich’

35% Tax Slab on Super Rich DTC Draft

35% Tax Slab on Super Rich DTC Draft

Government is about to implement Direct Tax code. Revised draft of DTC is posted on finance ministry website today. As per new DTC draft exemption limit at Rs 2 lakh is kept as it is and forth slab is introduced for super rich. Draft said tax the super rich heavily.  Proposal is new tax slab of 35% for income exceeding Rs 10 crore. In our earlier post we have debated a lot on taxing super rich at higher rate. The DTC Committee […]