A majority of tax payers want the income tax slab to be increased. Photo: Pixabay A majority of general tax payers in India want the basic exemption slab limit to be raised from Rs 2.5 lakh currently to Rs 5 lakh. According to a Deloitte survey, 58% of general tax payers said they wanted the slab limit to be raised from Rs 2.5 lakh to Rs 5 lakh. The report said that this will help widen the tax base and increase compliance. It will place more money in the hands of consumers resulting in increase in demand pick up. […]
Full Post at www.zeebiz.com