Govt looks at income tax rate cut to boost demand, trigger private investment

As the Indian economy grapples with the problem of flagging consumption, policymakers in the government are in favour of rationalising the existing income tax structure, especially at lower income levels.

According to two government officials The Indian Express spoke with, it is likely that tax rate cuts for those earning less may likely take precedence over freebies or excessive welfare spending given the focus on fiscal consolidation.

Read more at: The Indian Express