From 97% to 42%: How tax rates for individuals changed5 min read . Updated: 31 Jan 2023, 07:09 PM IST
Surcharge was removed and reintroduced multiple times in various budgets but became permanent from 2013
Nothing is certain but death and taxes, is a famous quote attributed to US statesman Benjamin Franklin. While taxes are a certainty even in India, there have been numerous iterations in the Income Tax (I-T) Act over the years—a result of the ever-changing economic conditions and the policies of different ruling parties.
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