Why salaried professionals pay 30% tax while the wealthy often pay less -- expert shares clever tip
Why do salaried professionals routinely fall into the 30% tax bracket while many wealthy individuals report far lower effective tax rates? The answer, experts say, lies less in evasion and more in how income is structured under existing provisions of the Income Tax Act. As India’s tax base widens, the contrast between fixed salaried taxation and flexible wealth structuring is drawing sharper scrutiny.
Why do salaried professionals routinely fall into the 30% tax bracket while many wealthy individuals report far lower effective tax rates? The answer, experts say, lies less in evasion and more in how income is structured under existing provisions of the Income Tax Act. As India’s tax base widens, the contrast between fixed salaried taxation and flexible wealth structuring is drawing sharper scrutiny.
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