The rethink has come as representative employers and employees offered mixed reactions in a recent consultation meeting with the labour and employment ministry.

The Budget Estimates for 2020-21 will be provisionally finalised after the expenditure secretary completes discussions with other secretaries and financial advisers.

CBDT-member Akhilesh Ranjan-led panel has recommended introducing a 10 per cent tax rate slab for annual income between Rs 2.5 lakh and Rs 10 lakh followed by a 20 per cent slab for the Rs 10-20 lakh income bracket and a 30 per cent, or higher, slab for higher income levels.

Sangeeta Jaitley cited the former FM's philanthropic past to politely decline the pension due and offer it to Class IV Rajya Sabha staff.