.. Cii Recommends Reduction In Personal Income Tax Rates, Pace Up Psu Privatisation
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21 Nov 2022

Summary

  • The Confederation of Indian Industry (CII) on November 20 laid down key recommendations for the upcoming Union Budget 2023-24. In its pre-budget proposals, the industry body stated that the Centre should reduce rates of personal income tax to increase disposable incomes and revive the demand.

  • In the previous Budget 2022, in her speech Finance Minister Nirmala Sitharaman did not have much to offer to the salaried class as she did not announce any change in personal income tax slabs or rates.

  • Moreover, CII also added that the government should look at reducing the 28 percent Goods and Services Tax (GST) rate on select consumer durables......

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