Why did government increase income tax exemption from ₹7 lakh to ₹12 lakh? FM Nirmala Sitharaman explains
Himalaya Harbinger, Rudrapur Bureau Union finance minister Nirmala Sitharaman has said the government increased the income tax exemption from ₹7 lakh to ₹12 lakh to reduce the tax burden on people earning ₹1 lakh per month. Nirmala Sitharaman added that the government was also lowering tax slab rates and widening tax brackets to give relief…