BENGALURU: NR Narayana Murthy founder, Infosys said on Saturday that the current personal tax slab should be increased by 10-11% so that these extra funds can be used towards basic amenities like education, health and infrastructure.

Inaugurating the three day 'special return receipt counter' Narayana Murthy said that financial status of our country can be improved if rich people volunteer to pay high tax.

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"It is a good sign that our country's tax rates are between 32-34%. This rate can further improve if government decides tax on company dividends," he said adding "India is one among few tax payer friendly" country.

Speaking to TOI, Narayana Murthy said he had shared the idea of increasing the tax slab from current 30% to 40% or 41% with many finance ministers including president of India Pranab Mukerji, during his tenure as finance minister. "Everyone agreed it is good idea, I feel that it is time for implementation," he said.