Saturday, 1 February 2020

New, lower tax rates are 'optional': What it means

Union finance minister Nirmala Sitharaman on Saturday introduced new income tax (I-T) slabs and reduced the tax rates. But the reduction in rates will only be implied if a taxpayer opts for foregoing exemptions and deductions.

from Times of India https://timesofindia.indiatimes.com/business/india-business/new-income-tax-slabs-announced-in-budget-optional-things-to-know/articleshow/73835817.cms
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