Donald Trump salary claim has started a debate online. He said he did not take any pay as US president. But reports show some past presiden...

Prince Harry and Meghan, the Duke and Duchess of Sussex, visited Melbourne's Royal Children's Hospital on Tuesday, April 14, 2026. This mar...

India saw a significant rise in wealthy taxpayers. Over 61,000 new individuals joined the crorepati club, bringing the total to 351,000. Th...

Personal income-taxpayers in India live in an abnormal environment of taxation where they get next to nothing for compliance and good citiz...

The tax department is seeking details of Legal Entity Identifier (LEI); any contributions made to political parties, including the date and...

Congress MP Jairam Ramesh has accused the Modi government of widening the income gap between the ultra-rich and the middle class in India. ...

The new tax regime offers a higher tax exemption, raises the threshold for tax rebate and reduces the surcharge for the super rich. Find ou...

Experts say government should provide a waiver as taxpayers aren't to blame.

The hike in the tax surcharge will affect only super-rich taxpayers earning over Rs 2 crore. But a few other proposals are aimed at small t...

The Arora family, behind the B&M chain of discount stores, paid 25.6 million pounds towards their 2017-18 tax bill against wealth estimated...

To a query whether India occupies second position in terms of increase in the number of billionaires, Minister of State for Finance Santosh...

The Budget has many proposals that target voter groups strategically and project an image of a pro-poor, pro-farmer, pro-youth and anti-ric...

This year, the Economic Survey has already hinted that the rich are not taxed enough and those with fat incomes should brace for a higher t...

Last year's budget had removed wealth tax but enhanced the surcharge on tax from 10% to 12% for those earning more than Rs 1 crore a year.

While middle class taxpayers have welcomed the budget, super rich taxpayers might be sulking. This year’s budget has extended the levy.

Studies, including work by Professors Feld and Frey (2002), and Torgler (2003), support the view that rewards lead to higher tax compliance.

Given the present state of the Indian economy, we may not really require a new income-tax rate for the super rich taxpayers.