Budget 2021: New income tax regime introduced in 2020 may see tweaks

Budget 2021: New income tax regime introduced in 2020 may see tweaks
While major changes in the income tax structure are unlikely, it is possible that the government may make some minor tweaks to provide relief
BusinessToday.In | February 1, 2021 | Updated 15:54 IST
The new income tax regime introduced last year with lower tax slabs is expected to get a longer list of exemptions to benefit taxpayers.
This move is intended to provide respite to the burdened taxpayers and increase net disposable income to boost overall demand.
While major changes in the income tax structure are unlikely, it is possible that the government may make some minor tweaks to provide relief.

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