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More in hand, more to spend: Centre mulling tax tweaks SECTIONS Share Synopsis A final call will be taken after considering the revenue loss due to these measures and the benefits accruing to the economy balanced against the economic thrust from utilising the amount to directly fund infrastructure or healthcare. Getty Images Related NEW DELHI: Changes in income tax slabs, extension of the leave travel concession scheme, enhanced rebate for health insurance and housing loan payments are among budget measures being considered to provide relief to individual taxpayers and encourage them to spend...

Updated Jan 26, 2021 | 07:22 IST The Finance Ministry might be mulling changes in the direct tax regimen with respect to income tax slabs among other perks for the common man to boost much-needed discretionary spending Budget 2021-21: Centre may give tax benefits to aam admi after all  |  Photo Credit: BCCL Key Highlights Finance Ministry is mulling measures such as change in income tax slabs, extension of leave travel concession scheme, increased tax exemptions for health insurance among others Centre is also looking at ways to reduce compliance burden on t...

UPDATED: January 29, 2021 17:13 IST The government could announce some incremental tax benefits in the Union Budget 2021-22. (Photo: Pixabay/Representaional image) Ahead of the Union Budget 2021 presentation on February 1, citizens in the country are expecting the government provide some concessions on the tax front. While major tax concessions are unlikely in the upcoming budget due to the government’s tight revenue position, some changes may be on the cards as the government looks to revive consumption. The government has not specifically mentioned whether it plans to provide tax relief t...