![âThere once existed 97.75% income tax](https://img.etimg.com/thumb/msid-80786687,width-100,resizemode-4,imgsize-23434/there-once-existed-97-75-income-tax.jpg)
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âThere once existed 97.75% income tax
In 1970-71, personal income tax was spread across 11 slabs, with the highest bracket attracting 85% tax. Together with a surcharge of 15%, the marginal rate of income tax reached an whooping and now unimaginable 97.75%! Over the last 50 years, the tax slabs have reduced to 3 with the maximum bracket attracting 30% tax at present.
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![âThe Infosys Technologies IPO was undersubscribed](https://img.etimg.com/thumb/msid-80786685,width-100,resizemode-4,imgsize-68656/the-infosys-technologies-ipo-was-undersubscribed.jpg)
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âThe Infosys Technologies IPO was undersubscribed
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![âMonth-long wait for trade settlement](https://img.etimg.com/thumb/msid-80786684,width-100,resizemode-4,imgsize-57206/month-long-wait-for-trade-settlement.jpg)
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âMonth-long wait for trade settlement
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![âTax rates on gold depend on how you invest](https://img.etimg.com/thumb/msid-80786682,width-100,resizemode-4,imgsize-41347/tax-rates-on-gold-depend-on-how-you-invest.jpg)
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âTax rates on gold depend on how you invest
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![âWarren Buffettâs net worth was once just 0.3% of current value](https://img.etimg.com/thumb/msid-80786680,width-100,resizemode-4,imgsize-50707/warren-buffetts-net-worth-was-once-just-0-3-of-current-value.jpg)
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âWarren Buffettâs net worth was once just 0.3% of current value
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![âAppleâs m-cap beats that of all BSE 500 companies](https://img.etimg.com/thumb/msid-80786678,width-100,resizemode-4,imgsize-38505/apples-m-cap-beats-that-of-all-bse-500-companies.jpg)
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âAppleâs m-cap beats that of all BSE 500 companies
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![âTax came in the way of too much equity/retirement investment](https://img.etimg.com/thumb/msid-80786677,width-100,resizemode-4,imgsize-21464/tax-came-in-the-way-of-too-much-equity/retirement-investment.jpg)
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âTax came in the way of too much equity/retirement investment
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![âAnil Ambani was once richer than Mukesh Ambani](https://img.etimg.com/thumb/msid-80786676,width-100,resizemode-4,imgsize-44959/anil-ambani-was-once-richer-than-mukesh-ambani.jpg)
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âAnil Ambani was once richer than Mukesh Ambani
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![â2020 saw the most public equity fundraising ever](https://img.etimg.com/thumb/msid-80786675,width-100,resizemode-4,imgsize-46718/2020-saw-the-most-public-equity-fundraising-ever.jpg)
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â2020 saw the most public equity fundraising ever
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![âThe UTI Mastergain 92 craze](https://img.etimg.com/thumb/msid-80786674,width-100,resizemode-4,imgsize-64956/the-uti-mastergain-92-craze.jpg)
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âThe UTI Mastergain 92 craze
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