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So, taxpayers typically in the lower range of the 30% income tax slab are hit hardest, as their post-tax income often falls short of keeping up with inflation in India. Added to these woes are the ...
The major change he made was that he decreased the number of income tax slabs from 8 to 4. Taxpayers with an annual income of less than Rs 18,000 were kept out the tax ambit. On Rs 18,001 to Rs 25,000 ...
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So, taxpayers typically in the lower range of the 30% income tax slab are hit hardest, as their post-tax income often falls short of keeping up with inflation in India. Added to these woes are the ...
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