Budget 2020: Income tax cuts, slab rejigs on table

Budget 2020: Income tax cuts, slab rejigs on table

Giving more money to people via schemes such as PM-KISAN, boosting infra spend. The finance ministry will present arguments for and against these suggestions before a decision is taken at the highest level, a government official said. The budget w…

Slab rationalisation as suggested by the direct tax task force could entail a substantial drop in revenues without effective measures to widen the tax net, experts said. NEW DELHI: A flat tax rate without exemptions, new slabs for those earning higher incomes, cuts in personal income tax in line with those in corporate tax — these proposals are […]

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