Home >Documents >Taxing Indian Super Rich

Taxing Indian Super Rich

Date post:14-Apr-2017
Category:
View:156 times
Download:0 times
Share this document with a friend
Transcript:

TAST

Presentation on : TAXING INDIAN SUPER RICH AN IDEA WHOSE TIME HAS COME

by SUDHIR RAKHEJA

1

TAXATax is a financial charge imposed upon a taxpayer by astate or the functional equivalent of a state to fund various public expenditures.

2

Types Of Taxes Under Tax Structure in India Direct TaxesPersonal Income TaxService TaxExcise DutyCustom DutySales Tax

Tax SlabsIncome Slab Tax RateUp to 2,50,000NILRs. 2,50,001 to Rs. 5,00,00010%Rs. 5,00,001 to Rs. 10,00,00020%Above 10,00,000 (RICH)30%

Here is the Tax slab, according to which tax rate is charged as per Income slabs.

The people of last slab are considered as super rich.

4

Do All Rich People Pay Their Taxes Honestly.??

Of course NOT

The ratio shown in the Pie Chart is the ratio in which rich people do Charity.i.e. 1:10What They Do?

Why They Do Charity??? By doing this (i.e. donating a small portion of their income as charity), they get benefit of tax exemption.

What Govt. Should Do???So Govt. should charge tax on their total income i.e. before they do Charity.

And then they can do as much charity as they wish.

Click here to load reader

Reader Image
Embed Size (px)
Recommended