Have a simple tax structure for individuals
by Raghuraman Narayanan on Feb 13, 2010 06:11 PM Permalink

Upto Rs.10 lacs, no tax.
Rs.10 lacs to Rs.50 lacs, 35% tax.
Above Rs.50 lacs, 50% tax.
Include fringe benefits.
Remove long term and short term capital gains and include in the above.

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