Tax slabs remain unchanged after the Union Budget 2019, but it’s the surcharge which has pushed up rates across the slabs. Say, someone’s taxable salary now is Rs 5 crore, his tax liability shoots up by Rs 33.9 lakh, because the surcharge is now 37%, up from 15%. Even at a salary of Rs 2 crore, the surcharge has seen a sharp increase from 15% to 25%.
from Times of India https://ift.tt/2L9CGjo
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