Why Did the Government Increase Income Tax Rebate from ₹7 Lakh to ₹12 Lakh? FM Nirmala Sitharaman Explains
In a significant move aimed at providing relief to middle-class taxpayers, the Indian government recently increased the income tax rebate threshold from ₹7 lakh to ₹12 lakh under the new tax regime. Finance Minister Nirmala Sitharaman explained the rationale behind this decision, highlighting its potential to boost disposable income and stimulate economic growth. What Does … Read more