By : Goodretuns Video Team
Published : January 27, 2020, 07:50
Duration : 05:02
Budget 2020: Income tax changes expected in this year's budget
As the clamor grows for more money into the pockets of consumers and households to boost consumption in the economy, the govement is discussing multiple options on cuts in personal income tax in the forthcoming Union Budget. From rejig of income tax slabs or rates to higher deduction, expectations are high though tax rate cuts will definitely hit revenues at a time when the govement's finances are strained. Apart from some rationalization in income tax rates.