What was the highest rate of income tax in india before 1975?

Barrett Witting asked a question: What was the highest rate of income tax in india before 1975?
Asked By: Barrett Witting
Date created: Thu, Feb 25, 2021 8:52 AM

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Top best answers to the question «What was the highest rate of income tax in india before 1975»

By FY 1973-74, the highest marginal tax rate (for the highest slab) had gone up to 85 per cent. Combined with surcharge, the maximum marginal rate of income tax went up to 97.75 per cent. In FY 1974-75, Finance Minister, Y B Chavan reduced the rate for income tax in the higher slabs with an upper limit of 70 per cent.

FAQ

Those who are looking for an answer to the question «What was the highest rate of income tax in india before 1975?» often ask the following questions:

⭐️ Which is highest income tax paying city of india?

Mumbai is the highest tax paying city in India and it also ranks in top 5 cities in world.

⭐️ Highest literacy rate among union territory in india?

Lakshadweep

⭐️ Which city in india has highest suicide rate?

Suicide in cities

Jabalpur (Madhya Pradesh) followed by Kollam (Kerala) reported the highest rate of suicides at 45.1 and 40.5 per 100,000 people respectively, about 4 times higher than national average rate.

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