Impact of the New Income Tax Bill – JSNCO.in
For Individuals: The revised bill proposes lower tax rates for specific income brackets. This change is expected to benefit lower and middle-income earners by reducing their tax burden, ultimately increasing their disposable income.
For Senior Citizens and Other Special Categories: The bill may introduce new exemptions or enhanced deductions for senior citizens, individuals with disabilities, and other vulnerable groups, providing them with additional financial relief.
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