Govt Considers To Reduce Income Tax Relief Given To Salaried Class.

The government is considering to reduce the income tax relief given to the salaried class in the recent budget following the recommendation by the International Monetary Fund (IMF).

Sources privy to the development that the government may reduce the relief given to the salaried class to pave the way for debt repayment.

It was revealed that the government can provide relief to those earning up to Rs 1 lakh per month. However, the tax proposed in the budget for those earning Rs. 125,000 per month will be Rs. 2,500 per month instead of Rs. 1,250.

Similarly, the tax...