Govt rejects claims of new income tax slabs
The reports of the introduction of new income tax slabs are "baseless" and "unfounded", Government spokesperson and Press Information Bureau chief Frank Noronha said on Monday. Attributing to a possible revision of tax slabs post demonetisation, reports had earlier suggested that "new" income tax slabs would grant 100% tax relief to people with income less than ₹4 lakh.