FM hints at I-T rate cuts, more stimulus measures to boost slowing economy

Says govt is taking steps towards a harassment-free taxation regime

Finance Minister Nirmala Sitharaman on Saturday said the government was looking at lowering and rationalising the personal income tax rates, as well as working on more sector-specific measures to boost the slowing economy.

“(This is) one among the many things we are looking at,” she said at the Hindustan Times Leadership Summit here, while responding to a question on the personal income tax rate cuts and rationalisation.

A task force headed by Akhilesh Ranjan, former member of the Central Board of Direct Taxes (CBDT), has already submitted its report to the finance minister, but its contents have not been made public. It