<h1>Proposed Tax Reforms: Standard Deductions Return, Family-Based Tax Slabs, Simplified TDS, and Broadened Merger Benefits.</h1> The commentary discusses various suggestions to improve tax policies for salaried individuals and enhance revenue collection. Key recommendations include reintroducing standard deductions for salaried employees, allowing deductions for professional development expenses, and revising notice pay taxation. It suggests strengthening housing rent allowance regulations, controlling meal card payments, and adjusting tax slabs based on family income and dependents. The text also proposes separate limits for long-term and short-term savings, simplifying TDS procedures, and extending tax benefits for mergers and demergers to all companies. Additionally, it calls for simplifying service tax payments and addressing ambiguities in CENVAT credit for importers and dealers.