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2 years ago

Budget 2020: Income tax changes expected in this year's budget

Goodreturns
Goodreturns
As the clamor grows for more money into the pockets of consumers and households to boost consumption in the economy, the government is discussing multiple options on cuts in personal income tax in the forthcoming Union Budget. From rejig of income tax slabs or rates to higher deduction, expectations are high though tax rate cuts will definitely hit revenues at a time when the government's finances are strained. Apart from some rationalization in income tax rates.

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