However, the tax slabs will remain unchanged. This move will benefit around 3 crore middle class tax payers. For salaried persons, Standard Deduction is being raised from the current Rs 40,000 to Rs 50,000. The Tax Deducted at Source (TDS) on fixed deposits and postal deposits will be ex...
Current tax slabs to stay, surcharges should go next: FMSANJAY DIXITPrint this
overhaul of the multiple tax rates under the Goods and Services Tax regime, the government has tasked a group of ministers (GoM) led by Karnataka Chief Minister Basavaraj S. Bommai with proposing a rationalisation of tax rates and considering the merger of different tax slabs within two months...