How new tax proposals will bring cheer to the middle class

new tax plans: The middle classes will benefit if the government takes proposals by the task force on the simplification of personal tax law. The task force has proposed five tax slabs. Somebody having income up to Rs 5 lakh will have to pay zero tax. Those scoring among Rs 5-10 lakh can save up to Rs 37,500 a year. Those making between Rs 10- 20 lakh can expect a profit of about Rs 1 lakh. A person earning Rs 2 crore can hope to save around Rs 8.5 lakh. If received, these proposals will come as a vital relief for the middle classes, particularly those earning between Rs 5 lakh and Rs10 lakh a year. Follow new tax plans For This Video

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