A government constituted Direct Tax Code task force, headed by CBDT member Akilesh Ranjan, is arguing for a new tax regime for individuals. It has proposed dramatic changes to the Income Tax Act, which dates back 58 years.
People earning between ₹5 lakh and ₹10 lakh per year may have to pay 10% income tax, if the recommendations of this high-level tax force are accepted.
![Prof K Nageshwar: Task Force Recommends Income Tax Cuts [HD] (Video)](https://secure.gravatar.com/avatar/a529f8b3731b5abf1f9994aa34434368?s=100&d=mm&r=g "Prof K Nageshwar: Task Force Recommends Income Tax Cuts [HD] (Video)"){kind=avatar}
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
A government constituted Direct Tax Code task force, headed by CBDT member Akilesh Ranjan, is arguing for a new tax regime for individuals. It has proposed dramatic changes to the Income Tax Act, which dates back 58 years. People earning between ₹5 lakh and ₹10 lakh per year may have to pay 10% income tax, if the recommendations of this high-level tax force are accepted.