Savings via tax-free instruments Rs 4 lakh crore: Revenue secretary ...Middle East

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Savings via tax-free instruments Rs 4 lakh crore: Revenue secretary
source : Devdiscourse ( Middle East ) () 36
Household savings through tax saving instruments is just Rs 4 lakh crore, which is 16 per cent of total savings, and shifting to new tax regime won't endanger the country's savings rate, Revenue Secretary Sanjay Malhotra said on Friday.

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