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Start 30% tax slab at Rs 30 lakh in Budget 2024 to give inflation-relief to middle class: Expert view

By Economic Times - 4 months ago
Budget 2024 expectations: The tax rate of 30% for income exceeding Rs. 15 lakh in the new tax regime is very steep and should be made applicable only for income exceeding Rs. 30 lakh. This will widen the tax slab of 20% ensuring that most personal taxpayers in the mid-income group get relief which would also propel higher consumption and savings.

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