https://www.taxtmi.com/news?id=17380 A package halves the tax rate for a lower individual income slab while reducing the rebate so that lowest incomes face no tax and the next band faces a limited residual liability. A one-page Income Tax Return is introduced for non-business individuals under the ceiling, with first-year filers protected from scrutiny absent specific information. Measures aim to broaden the tax net and include a surcharge on higher incomes to offset revenue loss. en-us Wed, 01 Feb 2017 14:21:44 +0530 Wed, 01 Feb 2017 14:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17380 A package halves the tax rate for a lower individual income slab while reducing the rebate so that lowest incomes face no tax and the next band faces a limited residual liability. A one-page Income Tax Return is introduced for non-business individuals under the ceiling, with first-year filers protected from scrutiny absent specific information. Measures aim to broaden the tax net and include a surcharge on higher incomes to offset revenue loss. News - Wed, 01 Feb 2017 14:21:44 +0530 https://www.taxtmi.com/news?id=17380