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Economy

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Income tax cuts, slab rejigs on table for budget 2020

Published On 27 Dec 2019 05:29 AM


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In an attempt to revive growth and boost consumption, the government is examining proposals ahead of the budget - new slabs for those earning higher incomes, a flat tax rate without exemptions and cuts in personal income tax in line with those in corporate tax.

Before a decision is taken at the highest level, the finance ministry will present arguments for and against these suggestions. The budget will be presented in February. Optio....


Tags : Income tax, Personal Income Tax,
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