How a 10% surcharge can swallow up to 70% of your income above ₹50 lakh

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.
Read The Rest at :