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House panel to suggest wider personal I-T slabs
A Parliamentary panel is set to recommend sweeping changes to the personal income tax slabs proposed by the Direct Taxes Code (DTC) Bill. A draft report prepared by the standing committee on finance suggests increasing the exemption limit to Rs 3 lakh, against Rs 2 lakh proposed by the bill.
The committee, chaired by Bharatiya Janata Party leader and former finance minister Yashwant Sinha, wanted annual
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