The finance minister proposed a new income tax regime, but it is optional for the tax payer to follow it. a tax payer can opt to stay in the old tax regime.
Will that lead to more hassle or simplification?
After Air India, LIC is next in line to get disinvested... LIC to go public
The new tax regime takes out around 70 out of the existing 100 tax exemptions though. A clearer picture will be presented after we get know which 70 exemptions are taken out.