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Parliament panel moots wider slabs for personal income tax
A parliamentary panel is set to recommend sweeping changes in personal income tax slabs proposed in the Direct Taxes Code (DTC) Bill. A draft report prepared by Parliament's standing committee on finance suggests increasing the income tax exemption limit to Rs 3 lakh a year against Rs 2 lakh proposed in the Bill. In Images: Mahindra XUV 500 receives over 25000 bookingsThe committee, chaired by Bharatiya
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