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The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Flat income tax rate undesirable for India: stakeholders

Stakeholders believe a flat income tax rate is not progressive in an unequal society like India.

30 Nov 2017 3:12 PM IST

Govt sets up panel to review income tax laws

In 2016 Finance Minister Arun Jaitley also promised to lower corporate tax rate to 25 per cent in 5 years.

22 Nov 2017 7:55 PM IST