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A Comparison of world-wide ‘Effective Tax Rate’ on Super-Rich

July 10, 2019[2019] 107 198 (Article)
In the Union Budget 2019, the Government has increased the rate of surcharge on individual taxpayers who fall in higher income bracket. The rate of surcharge has been increased from 15% to 25% if total income of an individual exceeds Rs. 2 crores but doesn’t exceed Rs. 5 crores.
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