India tax on super rich ought to be revised in full budget-finmin

NEW DELHI, Feb 17 (Reuters) - India's finance minister said on Monday a tax on the super rich ought to be revised when the full budget is prepared after elections due by May.

Finance Minister P. Chidambaram, who presented an interim budget to parliament, introduced a surcharge of 10 percent for a year on those with taxable incomes of more than 10 million rupees ($161,100).

($1 = 62.0900 Indian rupees)

(Reporting by Manoj Kumar and Rajesh Kumar Singh; Editing by Sanjeev Miglani)

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Keywords: INDIA RICHTAX/BUDGET