Business Standard

Some rates have come down in 2018, but tax terrorism is far from over

The tax terrorism has hardly come down. And the reason stays same - absurd and impossible targets given to tax officers

Income Tax, Tax

Harsh Roongta
During the previous government’s regime, there was a lot of talk about tax terrorism. And this government had vowed to end this. But have things really changed?

Let’s look at some positives since 2014. The limit for deduction under section 80C has been increased from Rs 100,000 to 150,000, and the limit for deduction of interest payment on loan taken for a self-occupied house was increased from Rs 150,000 to Rs 200,000. The tax rate for the slab between Rs 250,000 to Rs 500,000 has been brought down from 10 per cent to 5 per cent. In addition, some tinkering

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First Published: Dec 30 2018 | 8:50 PM IST

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