Shifting to optional new income tax slabs will benefit taxpayers: Official
Taxpayers willing to migrate to the new personal income tax regime announced in the Union Budget for 2020-21 will get more benefits than the older system, a senior official said on Monday. Multiple layers of deductions and exemptions add to the complexity of the Income Tax Act, Principal Chief Commissioner of Income Tax (West Bengal and Sikkim) B Jha said
![Shifting to optional new income tax slabs will benefit taxpayers: Official Shifting to optional new income tax slabs will benefit taxpayers: Official](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2020/02/04/110899-nirmala-sitharaman.jpg?itok=BsxNyMov&c=5898b51f2211ccbfdd0c1f1de67e1866)
about 70 per cent of taxpayers avail exemptions of less than Rs 2 lakh, Principal Chief Commissioner of Income Tax (West Bengal and Sikkim) B Jha said Source: Reuters