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Income Tax

People expect a tax friendly budget this time

People expect a tax friendly budget this time

FM should be able to introduce a tax friendly budget this time. People of India, expect a hike in tax slab from Rs2.5lac to Rs4lac. Corporates expect the tax rate to reduce from 30% to 28%. Small traders expect the increase in turnover for tax audit from Rs1Crore to Rs1.5Crore. More or less, these all expectations have resulted from the demonetisation scheme launched by the PM earlier.