BizSugar.com › News › VARINDIA India may get a relief in Personal income tax, slabs and exemptions likely to change

As per news source, to hasten consumer demand and boost economic growth, India is considering tax relief for individuals.Modi government is considering a proposal to hike the taxable income limits, especially the Rs 10 lakh slab, which attracts a 30% rate at present. Also, it will be accompanied by scrapping some tax breaks which includes the one offered on house rent payments and interest earned on some bank deposits.