Income tax cuts, slab rejigs on table for budget 2020

In an attempt to revive growth and boost consumption, the government is examining proposals ahead of the budget - new slabs for those earning higher incomes, a flat tax rate without exemptions and cuts in personal income tax in line with those in corporate tax.

Before a decision is taken at the highest level, the finance ministry will present arguments for and against these suggestions. The budget will be presented in February. Optio....