Overall, HNI account holders had an average corpus of Rs 5.9 crore. They had average earnings of Rs 50.3 lakh annually - and tax-free under the current dispensation. "The government has done away with this disparity of paying huge sum of tax-free interest to HNIs at the cost of honest average salaried class contributor and taxpayers," an official said, justifying the tax proposal in the Budget.February 05, 2021 at 02:55AM
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