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South Africa
Revenue Secretary Ajay Bhushan Pandey said before the increase in surcharge the highest tax rate in India was 35.88 per cent. This was against 45 per cent in the UK, 45.9 per cent in Japan, 54 per cent in Canada, and 66 per cent in France. (Representional Image)
Highest personal I-T rate in India still lower than in China, US, South Africa
07 Jul 2019 3:58 PM

Following increase in surcharge, effective income tax rate for individuals with income of Rs 2-5 crore will go up to 39 pc.

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