Changes in Income tax rates: Who benefits?

Your comment is live on Budget proposals on income tax

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The article @ TOI Blog has made some interesting observations.
M G Warrier

Dear Reader,
Your comment on the article ' Does the budget gave any relief to middle class on income tax? Answer is no,it's just eyewash.' is now live on
i don\'t think the rebates and deductions were just concessions to the taxpayers. they were also incentives for savings in certain types of instruments which augmented government\'s finances and social security. the number and variety of such deductions from gross taxable income had reached a level that only professional tax practitioners could follow the changes in their composition every year. this year fm has given an option to taxpayers with lower levels of taxable income, may be up to rs8 lakh per annum not to bother about \"borrowing and saving\" to \"avoid\" tax.'
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Thanks for sharing your thoughts.
 Team TOI


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