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Surcharge on income: Individuals having income(s) above Rs 50 lakh have to pay an additional tax known as 'surcharge'. Budget 2023 made Surcharge rate applicable on the highest income slab to 25% from 37%. Abhishek Soni from Tax2Win says, "This move brought down the effective tax rate from 42.74% to 39%."
Tax experts at SJD Accountancy share a checklist of all the tax changes set to impact the self-employed in the UK from April 2023
India's Finance Minister announces significant changes to income tax regime for FY 2023-24.
The Finance Bill, 2023, was passed in Parliament with 64 additional amendments
New report compiles 2022 corporate tax rates around the world and compares corporate tax rates by country. See the latest 2022 corporate tax trends.