A report of 50 IRS officers of the I-T department on revenue mobilisation and economic impetus to fight Covid-19 pandemic is ill-conceived, and an act of indiscipline as well as violation of service conduct rules, Finance Ministry sources said. These officers from the Indian Revenue Service (IRS) Association in a report suggested raising tax rate to 40 per cent for those with income above Rs 1 crore, from 30 per cent at present, and levy of wealth tax for those with over Rs 5 crore annual income.

from Times of India https://timesofindia.indiatimes.com/business/india-business/irs-officers-report-on-funding-covid-relief-work-via-tax-measures-ill-conceived-finance-ministry-sources/articleshow/75393606.cms