Income Tax: Government is considering lower tax rates; Read details
Updated: 25 Aug 2022, 10:20 AM IST
TL;DR.Income Tax: Exemption-free personal income tax slabs with lower rates were introduced as an option in the Union Budget 2020-21, but are yet to find acceptance in a big way. Read further to know what does the government plan to do now
The government may also phase out the older personal income tax regime, which offers several deductions and benefits.