scorecardresearchSlash personal income tax rates in Budget, industry body CII asks govt

Slash personal income tax rates in Budget, industry body CII asks govt

Updated: 21 Nov 2022, 08:08 AM IST
TL;DR.
A fresh look is needed at the capital gains tax with respect to its rates and holding period to remove complexities and inconsistencies. Moreover, the Government should contemplate a reduction in the rates of personal income tax in its next push for reform as this would increase disposable incomes and revive the demand cycle, CII President Sanjiv Bajaj said.
New Delhi: Union Finance Minister Nirmala Sitharaman during the launch of 6th tranche of auction for commercial mining of coal, in New Delhi, Thursday, Nov. 3, 2022. (PTI Photo/Atul Yadav)(PTI11_03_2022_000154B)

New Delhi: Union Finance Minister Nirmala Sitharaman during the launch of 6th tranche of auction for commercial mining of coal, in New Delhi, Thursday, Nov. 3, 2022. (PTI Photo/Atul Yadav)(PTI11_03_2022_000154B)