Switch hit: FM Sitharaman bats for new tax regime

Finance minister Nirmala Sitharaman has given the beleaguered tax-paying middle class a shot in the arm while seeking to make the new income tax regime more attractive. She has proposed incentives for citizens to adopt or switch to the new tax regime—which she said would eventually become the default mode—without claiming any exemptions against investments.

from Times of India https://ift.tt/kOaLWcw