« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals «  PAN source code for investor identities... CBDT ups direct tax mop-up target by 12%... » Murthy for corporates foregoing tax waiver January, 18th 2007 Infosys Chairman N R Narayana Murthy today called upon corporates to forego the benefit of wealth tax waiver and set an example in ethical behaviour.    Speaking at a meeting organised by CII on ethics in business, he said the business leaders had to adhere to ethical behaviour if they were to race ahead of others.    Indian tax rates were one of the lowest in the world, he said. Wealth tax has also been rationalised and there is also no tax on dividends. Several of us get tax exemptions that we definitely dont need or deserve, he said.    We pay taxes in Singapore, in the US, in every other country. But we dont want to pay taxes in our own country. I think it is silly. We as corporate leaders must stand up to say that this is not correct, he said.    He said in a country where 300 million people earn less than one dollar a day, it is not fair, he said.    Narayana murthy however seemed to defend the business men when asked why they were not as forthcoming as corporate leaders elsewhere in the world when it came to philanthrophy.