But he pays less Income Tax- he does not figure under even top 20 Income Tax payers. Income Tax laws are made to loot middle and higher middle class particularly salaried ones because they are to be punished for not contributing to political party funds! Thats Indian Tax Law. As a percentage of their total income Ambanis pay much less than a ordinary Bank Officer! Can you beleive it but it is true.
RE:Mukesh Ambani's salary swells to Rs 44 cr
by Neelesh G Joshi on May 19, 2008 07:37 PM Permalink
GO AND UPDATE UR KNOWLEDGE. ITS CALLED TAX PLANNING AND BECAUSE OF THAT ONLY HE PAYS LESS TAX. ALSO, TAX PLANNING WORKS ONLY UPT A CERTAIN LEVEL AND BEYOND THAT SOMEONE HAS TO PAY TAX
