Tag Archives: taxing the super rich

Budget 2013- Taxing the super rich – Is it justified?




Burdened with a high current account and fiscal deficit, the government took the easiest way out- and did what other developed countries like the U.S have done to revive the economy and raise resources for the development of the country- targeting the super rich. The budget 2013 has imposed a surcharge of 10 % on those earning taxable income of Rs. 1 crore and above.


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