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Without drastically raising taxes, govt has simplified taxation, benefiting middle class: Nirmala Sitharaman in Finance Bill reply

By Economic Times - 4 months ago
Effective tax on annual income of Rs 15 lakh was reduced to 10% in 2023 and further reduced this year as well under new I-T regime, Sitharaman noted, adding that pending litigation and demands sorted under Vivad se Vishwas scheme helped middle class and small businesses.

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