Letter to BS: FM aimed to simplify tax rules, but achieved the opposite

With such a simplified tax, compliance and administration will become much easier.

If the intention was to simplify individual tax rules, the finance minister has achieved the opposite. It is ridiculous to have two tax regimes, when even one was confusing enough. That has actually provided more fodder for chartered accountants and tax consultants. There should be a straight migration to a non-exemption regime, with no ifs or buts. And we could have a tax free slab of Rs 10 lakh and reasonable rates for just four slabs. All your income could be included. No exemptions, including housing loan benefits, LTC, medical (except hospitalisation), contribution to any scheme like PF, PPF, insurance