Rangarajan opines to increase taxes on “super-rich”

Published: January 13, 2013

The chairman of the Prime Minister’s Economic Advisory Council C. Rangarajan has suggested that increasing taxes on the “super-rich” could be one of the ways to improve the tax-to-GDP ratio.

He opined two ways to improve tax-to GDP ratio:

  • To introduce an additional slab at a higher marginal tax rate.
  • To keep the tax structure as it is and impose a surcharge on the income above a certain level.

He suggested that the “super-rich” should be determined on the basis of income and said that for those in the lower income level the current tax structure is good.

Month: 

Topics:  • •

« »
Latest E-Books

Comments