Under the current system, the higher your income is above ₹50 lakh, the lower the effective rate of tax on your income above this threshold..Tax experts say the government should lower or even remove the surcharge for incomes above ₹50 lakh up to ₹1 crore, or change the way it's calculated.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.