States suggests rationalisation of income tax slabs instead of steep 20%

States suggests rationalisation of income tax slabs instead of steep 20%: Nirmala Sitharaman, the Union Finance Minister, chaired pre-Budget meetings with state Finance Ministers on Thursday. Some Chief Ministers and Deputy Chief Ministers, as well as senior officers from the states and the federal government, attended the meeting. The rationalisation of income tax slabs was one of the suggestions put forward by the participating states. On personal income tax, some state Finance Ministers felt the personal income tax slabs saw sharp a jump from 5 pe      Read More