Net Investment Income Tax (NIIT) came about as part of the passage of ACA during the Obama administration. It has been in effect for almost 10 years. The 3.8% tax rate is applied based upon the ...

If you don’t know what Net Investment Income Tax (NIIT) is, you’re not alone. This relatively new tax began a little over a decade ago but the number of taxpayers subject to the tax has increased.

ETMarkets.com After the Budget announcement, NIIT surged 5.3% to Rs 157.65, while Navneet Education gained 5.2% to Rs 147.8. Aptech rose 3.6% to Rs 164, and Career Point climbed 1.5% to Rs 349 on the ...