Upto 12 lakhs income — “no TAX”. Will it move the markets, I don't think so.
The incumbent BJP Government, known for its love for higher taxes surprisingly gave an income-tax cut for the Indian middle class. On 1st February, Nirmala Sitharaman announced that the direct taxes of people with a salary up to 12 lakhs per year will have zero taxes. She also mentioned that the losses to the government…
