Akhilesh Ranjan

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Task force on Direct Tax Code proposes 10% tax for income between Rs 5 lakh and Rs 10 lakh, 20% till Rs 20 lakh
Business

Task force on Direct Tax Code proposes 10% tax for income between Rs 5 lakh and Rs 10 lakh, 20% till Rs 20 lakh

The task force has recommended 30 percent tax rate for income bracket of Rs 20 lakh - Rs 2 crore and 35 percent for the income of Rs 2 crore and above per annum

Task force on Direct Tax Code submits report to Finance Minister Nirmala Sitharaman
Business

Task force on Direct Tax Code submits report to Finance Minister Nirmala Sitharaman

A government-appointed task force headed by CBDT member Akhilesh Ranjan on Monday submitted its report on the new Direct Tax Code, which seeks to replace the existing Income Tax Act