Budget 2021: Will Income Tax Be Reduced?
88% of those who pay income tax pay less than Rs. 1.5 lakh a year.
88% of those who pay income tax pay less than Rs. 1.5 lakh a year. If the Modi government gives a one-year exemption from income tax to this segment which has been hit by COVID-19, spending will only have to be increased by 0.4% of the GDP. On this other hand, this will increase demand in the economy massively
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