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Personal income tax cut to spur demand in the works, says report

Updated : October 25, 2019 06:24 AM IST

The government is planning to cut tax for individuals to accelerate consumer demand and spur growth, reported Bloomberg.
The government is considering an increase. in the taxable income limits — especially the Rs 10 lakh slab — which attracts a 30 percent rate, the report said.
Personal income tax cut to spur demand in the works, says report
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