Business News
Home > Business News
Pensioners, job starters, entrepreneurs to gain more from IT rate cut
TIWN
TIWN
PHOTO : TIWN
New Delhi, Feb 3 (TIWN) Opting for the new tax rates proposed in the budget could be beneficial for job-starters, pensioners, entrepreneurs and those taxpayers unable to claim available deductions and exemptions under the current tax structure, government sources said.
"Therefore, they end up paying more tax in the old regime as against the new one. In the new proposed tax regime, such people will definitely be gainers," an official said.
Add your Comment
Comments (0)
More Business News
- With April series having expired, expect markets to turn volatile
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report