Surcharge-free wealth limit

Surcharge-free limit of wealth likely to rise

The government may increase the threshold of surcharge-free net wealth from the coming fiscal year 2023-24 beginning from July – a plan that is likely to reduce the pressure of tax on the upper middle-income people. 

May 16, 2023
May 16, 2023

Surcharge-free limit of wealth likely to rise

The government may increase the threshold of surcharge-free net wealth from the coming fiscal year 2023-24 beginning from July – a plan that is likely to reduce the pressure of tax on the upper middle-income people.