Chidambaram introduces super rich tax
BT Online Bureau
February 28, 2013
Finance Minister P Chidambaram has proposed a 10 per cent surcharge on individual income of over Rs 1 crore in Budget 2013.Chidambaram said that the super-rich tax would be only applicable for one year. The finance minister has announced a tax credit of Rs 2,000 for income up to Rs 5 lakh. Companies with income of over Rs 10 crore per cent will also have to pay a 10 per cent tax surcharge. | |||||||
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