India's Finance Secretary Downplays Tax Base Erosion Concerns Amid New Income Tax Slabs
2025-02-03
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In a recent discussion, Finance Secretary Tuhin Kanta Pandey addressed the new income tax slabs, offering relief to individuals with annual earnings up to ₹12 lakh. He assured that the government is not concerned about tax base erosion, emphasizing efforts to simplify the tax code and promote economic growth. With the new tax regime, the government aims to increase tax compliance and reduce complexities, ultimately benefiting the Indian economy. Key initiatives include reforms to reduce tax burdens and improve the overall tax environment, making it more conducive to business and investment, and utilizing keywords like tax reform and income tax slabs.
