New Delhi: Finance Minister Piyush Goyal on Tuesday said within the Lok Sabha that the idea to increase rebate for taxpayers as much as Rs 5 Lakh has been welcomed throughout India because it gives decrease tax, higher cash in the palms of small taxpayers with a view to additionally deliver a fillip to the financial system.
Participating within the Finance Bill dialogue within the Lok Sabha, Goyal said: “The NDA authorities allowed standard deduction of Rs 40,000 a yr which is now hiked To Rs 50,000 in keeping with annum”. “In the closing 5 years, the authorities have delivered approximately some of major changes within the income tax concessions and deductions available to all the taxpayers. In one ma
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