Finance minister Nirmala Sitharaman on Saturday rolled out a new optional income tax regime that offers lower rates as a trade-off for foregoing exemptions for annual incomes up to Rs 15 lakh. The move was projected as an effort to provide relief and simplicity to taxpayers, particularly those at lower and middle income levels.
Finance minister Nirmala Sitharaman on Saturday rolled out a new optional income tax regime that offers lower rates as a trade-off for foregoing exemptions for annual incomes up to Rs 15 lakh. The move was projected as an effort to provide relief and simplicity to taxpayers, particularly those at lower and middle income levels.
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