Individual tax payers with taxable income of up to Rs 5 lakh will get full tax rebate from now on. Those earning Rs 6.5 lakh will not have to pay tax, if they invested in specified savings such as PF, PPF, etc. However, the tax slabs will remain unchanged. This move will benefit ar...
This is despite the number of taxpayers has increased across all the tax slabs and more individuals report income in crores than ever before. What are the concerns? Though the average reported income has also increased for the low tax slabs, this is not the case with high income groups. Af...