Super Rich Tax

Earning Rs 12 lakh? Well, you are rich, and can pay more tax

Umost probably is eyeing a Robin Hood-like image, which would mean the real super rich will be taxed to serve the middle and lower classes.

Union Budget 2013: On whom will Chidambaram's tax axe fall?

While the economists Firstpost spoke to agreed that a flat tax rate would be the ideal situation, the focus for the finance minister should be to curb wasteful expenditure to shore up its finances.

Budget 2013: More taxes for rich means more black money

Personal income tax rates in India were extraordinarily high between the 1950s and 1980s. They had led to high high levels of tax evasion in the first place

Budget Wrap: FM seen widening tax base, super rich tax unlikely

A super rich tax is unlikely to come in this budget as “policy makers within the government” favour more discussions before introducing it.

Budget wrap: Giveaways may come at cost of education bill

With UPA chief Sonia Gandhi pushing for 25 million families to qualify under the food security plan, finance minister P Chidambaram is having a tough time managing other social sector priorities given the mounting fiscal deficit.

Will Chidambaram's Union Budget have any scope for surprises?

Firstpost editors do not expect any big reforms in Budget 2013. While meeting key macro numbers is key, Chidambaram is unlikely to soak the rich with taxes and may only introduce marginal tax hikes for the rich