Business »  Topic »  Govt to review surcharge on super-rich in 2022, says FM Nirmala Sitharaman

Govt to review surcharge on super-rich in 2022, says FM Nirmala Sitharaman


In the 2019-20 Budget, the government increased surcharge from 15 per cent to 25 per cent on taxable income between Rs 2 crore and Rs 5 crore, and from 15 per cent to 37 per cent for income above Rs 5 crore.

The government on Friday decided to withdraw the enhanced surcharge on long term and short term capital gains arising from share sale and futures and option in order to encourage investment in the capital market. (ANI Image)

Ruling out any immediate review of enhanced surcharge on super rich, Finance Minister Nirmala Sitharaman on Friday said the matter will ...


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