Parliament panel moots wider slabs for personal income tax

Feb 12

Parliament panel moots wider slabs for personal income tax

A parliamentary panel is set to recommend sweeping changes in personal income tax slabs proposed in the Direct Taxes Code (DTC) Bill. A draft report prepared by Parliament’s standing committee on finance suggests increasing the income tax exemption limit to Rs 3 lakh a year against Rs 2 lakh proposed in the Bill
http://www.business-standard.com/india/news/parliament-panel-moots-wider-slabs-for-personal-income-tax/464255/

 

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