No change in income tax slabs before budget
Decreasing tax revenue will delay the decision to exempt tax
Income tax relief will still have to wait. According to sources, it is not possible for the government to take any step in the first direction before the budget.
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Sources said that the entire team of finance ministry officials is currently working on revenue collection. The idea of concession in income tax is now being avoided due to the decline in GST revenue over the past several months. It has also been reported that the government is awaiting accrual figures for the tax collection levied in the current financial year for the change in income tax. Tax collection figures are extremely important for reducing income tax. The figures are expected to be ready by the Budget to be released by Kannidai Lakia next February. The government expects to see an increase in tax aquilaria in November. Economic experts believe that if the government reduces the income tax, the common man will have more money to spend. He will use this money to spend money for his own needs. This will bring more money to the market which will help to speed up the economy. The committee, which is set to review the income tax in August, has handed over its Canadian recommendations to the Finance Minister. According to the recommendations, each slab of income tax is proposed to be reduced by at least 5 percent.
Gujarati information news
No change in income tax slabs before budget
Decreasing tax revenue will delay the decision to exempt tax