{"id":34750,"date":"2013-02-28T12:04:28","date_gmt":"2013-02-28T10:04:28","guid":{"rendered":"http:\/\/www.nationalturk.com\/en\/?p=34750"},"modified":"2013-02-28T12:04:28","modified_gmt":"2013-02-28T10:04:28","slug":"indian-super-rich-to-pay-more-34750","status":"publish","type":"post","link":"https:\/\/www.nationalturk.com\/en\/indian-super-rich-to-pay-more-34750\/","title":{"rendered":"Indian super rich to pay more"},"content":{"rendered":"<figure id=\"attachment_34751\" aria-describedby=\"caption-attachment-34751\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-34751\" src=\"http:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2013\/02\/Tax-India-Nationalturk-28.jpg\" alt=\"Indian super rich to pay more.\" width=\"300\" height=\"299\" srcset=\"https:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2013\/02\/Tax-India-Nationalturk-28.jpg 300w, https:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2013\/02\/Tax-India-Nationalturk-28-220x220.jpg 220w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-34751\" class=\"wp-caption-text\">Indian super rich to pay more.<\/figcaption><\/figure>\n<h1>Now the super rich in India will have to pay more India\u2019s Finance Minister has imposed more taxes on them.<\/h1>\n<p>New Delhi, Feb 28\/Nationalturk &#8211; The Indian super rich will have to pay more now as India\u2019s Finance Minister P Chidambaram has imposed a surcharge of 10 per cent on the income of the super-rich.<\/p>\n<p>\u201cThere are about 42,800 people in India, who admit to having a taxable income of over Rs. 100 crore a year,\u201d Chidambaram said in his budget speech.<\/p>\n<p>He imposed a surcharge of 10 per cent on the income of the super-rich.<\/p>\n<p>&#8220;I believe there is a little bit of the spirit of business tycoon Azim Premji, chairman of Wipro and Azim Premji Foundation in every affluent tax payer,&#8221; Chidambaram\u00a0 said.<\/p>\n<p>Azim Premji is one of the richest men in India and known for his philanthropy.<\/p>\n<p>Premji, who is Indian billionaire and ranked India\u2019s third richest person with a fortune of over $13 billion, recently announced to donate $2.2 billion, or a 12% stake, in his IT outsourcerWipro, to a trust to fund his education-focused,\u00a0 Azim Premji Foundation.<\/p>\n<h2>Premji had supported FM\u2019s idea of more taxes on super rich<\/h2>\n<p>Premji had supported Finance Minister\u2019s idea of increasing tax of super rich. He had said, &#8220;In terms of taxing the super-rich, I think there is legitimacy in a country as poor as ours&#8221;.<\/p>\n<p>However, some super riches including Adi Godrej argued that any increase in taxes on rich will create a negative perception on investment and therefore should be avoided.<\/p>\n<p>In the budget presented today, Indian Finance Minister kept the tax structure largely unchanged, only announcing a tax credit of Rs. 2000 for every person who has an annual income of up to Rs. 0.5 million and imposing 10% surcharge on persons with taxable income of over Rs. 1 crore.<\/p>\n<p><em>Write your comments and thoughts below<\/em><\/p>\n<p><strong>Faiz Ahmad \/ NationalTurk India News<\/strong><\/p>\n<p>&nbsp;<\/p>\n<!-- Error, Advert is not available at this time due to schedule\/geolocation restrictions! -->\n<h1>\u00a0<strong><\/strong><\/h1>\n","protected":false},"excerpt":{"rendered":"<p>Now the super rich in India will have to pay more India\u2019s Finance Minister has imposed more taxes on them.<\/p>\n","protected":false},"author":732,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,80,68,63,51,1,118,85,14],"tags":[46894,46890,44199,46889,46887,40346,46884,2546,43009,46883,46885,46893,46892,2285,42571,43022,46895,3726,43012,46891,44202,1426,43019,46886,46888],"class_list":["post-34750","post","type-post","status-publish","format-standard","hentry","category-asia","category-breaking-news","category-business","category-daily","category-economy","category-general","category-hot","category-media-news","category-world","tag-adi-godrej","tag-affluent-tax-payer","tag-azim-premji","tag-azim-premji-foundation","tag-budget-speech","tag-business-tycoon","tag-imposed","tag-india","tag-india-business","tag-indias-finance-minister","tag-indias-super-rich","tag-indias-third-richest-person","tag-indian-billionaire","tag-investment","tag-legitimacy","tag-more","tag-negative-perception","tag-p-chidambaram","tag-pay","tag-philanthropy","tag-richest-men","tag-super-rich","tag-surcharge","tag-taxable-income","tag-wipro"],"_links":{"self":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/34750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/users\/732"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/comments?post=34750"}],"version-history":[{"count":0,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/34750\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media?parent=34750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/categories?post=34750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/tags?post=34750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}