The revised tax slab will help widen the tax base: Ravi Jain

Chat with with Ravi Jain, Executive Director, Personal Tax, PwC

Proposed exemption on partial withdrawal and raising of the exemption limit for non-employees raised to 20% will make the National pension scheme more attractive for common man, said Ravi Jain, Executive Director, Personal Tax, PwC. He also added that revised tax slab will help in widening the tax base of the country. Edited Excerpts
 
Income Tax above Rs 5 lakh seems to be very disappointed. How smartly can one save tax?
 
The change of tax rate for the slab Rs 2.5 to 5 lakh will also generate tax savings for income group upto Rs 50 lakhs. Therefore,