Govt. considers Reducing Tax Rates to Make New Direct Tax Regime More Attractive: Sources

1. Finance Ministry considers reducing tax rates to make new direct tax regime more attractive.

2. Govt. likely to reduce 30% to 25% tax rate under the new regime

3. Fin Min in Discussion with PMO for a Final Nod for a change to new tax regime

4. Fin Min’s Admiin is to make people slowly shift to a tax regime with no exemptions