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  Personal Income Tax Slab revised. But wait, there's a twist

  Business | February 01, 2020 16:51 IST

  Income tax slab revised Latest News: Ushering in a new income tax regime, Union Finance Minister Nirmala Sitharaman announced cuts on Saturday as she presented Union Budget 2020. But there's a catch. Under the new proposed regime, which is optional, you will not be able to avail any deductions or exemptions that earlier allowed you to lower the amount of your salary that was taxed.

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  Personal income tax rates likely to be cut in upcoming Budget: Report

  Business | December 18, 2019 18:45 IST

  The government is likely to cut personal income tax rates in the upcoming budget, according a report in Reuters. A cut is expected on long-term capital gains from equity investments in the next budget, the report said.

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  No cut in personal income tax rates soon: Govt sources

  Business | October 30, 2019 18:52 IST

  The Modi government may not moderate personal income tax rates for the rich, courtesy fiscal stress -- lower tax realisation amid the slowdown in the economy. This comes amid mounting pressure on the government to cut personal income tax rates to boost demand, more so after the Finance Ministry reduced the corporate tax rate by up to 10 percentage points.

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  Good news: This Diwali, govt may gift you a cut in personal income tax

  Business | October 01, 2019 19:06 IST

  The government has a Diwali gift for us all. A cut in personal income tax rate is what appears to be on the cards, according to a report. It is said that the government is considering rationalising personal income tax rates. This is being done to increase disposable incomes, especially among the middle class, and drive consumption, resulting in growth.

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  Modi govt likely to bring ordinance to cut tax rates for individuals

  India | September 24, 2019 21:38 IST

  Tax bonanza for individuals could be on cards as the Modi government is planning to slash existing tax rates for individual taxpayers in an effort to boost demand. The news comes after task force on direct taxes recommended revising income tax slabs.

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  Union Budget Key Highlights: Income tax slabs unchanged, Rs 1.48 lakh crore for Railways and more

  Budget | February 02, 2018 15:22 IST

  Unveiling the Union Budget 2018-19, the Modi government today kept the personal income tax slabs unchanged, while allowing a standard deduction of Rs 40,000.

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  Direct tax collection grows 11.58% in Apr-Oct at Rs 3.37 lakh cr

  November 06, 2013 20:27 IST

  New Delhi: Amid slowing economy, the gross direct tax collection has risen only by 11.58 per cent to Rs 3.37 lakh crore during the April-October period of 2013-14 fiscal.The collections had totalled Rs 3.02 lakh

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  Tax Exemption Slab May Be Raised To Rs 3 Lakh

  February 10, 2012 9:22 IST

  New Delhi, Feb 10 :  Hiking the exemption slab for personal income tax from Rs 1.8 lakh to Rs 3 lakh, indexing rates to inflation and freeing assesses with up to Rs 5 lakh annual