Sensex falls 793 pts and costs Rs 3 lakh crore on Monday

Sensex falls 793 pts and costs Rs 3 lakh crore on Monday: FM Nirmala Sitharaman proposed to raise the surcharge on individuals earning ₹2-5 crore a year to 25%. For those earning more than ₹5 crore, it was increased to 37%, and the raising the income tax rate on the two highest slabs of income earners to 39% and 42.7%, respectively. A surcharge is a tax on tax and is levied on the tax amount you are liable to pay, this has impacted the market so badly.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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