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New Chapter in Budgetonomics: More than 573,000 cr. Lost Due To Tax Benefits, in 2012-13

We’ve added a new chapter in the Budgetonomics e-Book about Budget 2013. Looking at the revenue foregone, it seems that the if the benefits given to us (and corporates) in the previous budget were not present, India would have been able to collect more than 573,000 cr. of taxes. While the number may not be exact, the fact that it’s so large shows you that the “subsidy” we should be worried about might be your 80C or Export Promotion Schemes.

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