New Delhi: Union Finance Minister Pranab Mukherjee might have given respite to the domestic tax payers by the increasing the tax exemption slab up to Rs 2 lakhs, but he has targeted the foreign celebrities performing in India to net more funds for the government’s exchequer.

The tax on income of foreign players especially cricketers playing in India, foreign singers performing in India will have to pay 20 percent tax on their income in India instead of 10 percent. But the celebrities of Indian origin living abroad have been exempted from the tax burden.

Given the recent flurry of events in India witnessing the performance of foreign players and artists, the government has decided to target their income. Sports events like IPL, Formula Race and many Pakistani singers working in Bollywood are ones providing huge earning opportunities for the foreign celebrities.

Last year the singing icons Lady Gaga and Akon visited India for performance. Acon visited India for performance. IPL cricket is being looked as such a lucrative job for the foreign cricketers that they are focusing more on the twenty-20 tournament than representing their respective countries in the international cricket. The government sees these events to collect more and more funds for its exchequers. Other countries normally impose 10 to 30 percent tax on such incomes. The new tax slabs will be applicable from April 1st.