Nirmala Sitharaman explains the changes in income tax regime : Union Budget: Business Today
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Nirmala Sitharaman explains the changes in income tax regime

February 1, 2020
Taxpayers got what they wanted from Union Budget 2020-21. Finance Minister Nirmala Sitharaman announced a "new, simplified tax regime" for individual taxpayers. The new income tax regime comes with lower tax rates. However, around 70 deductions and exemptions, have been withdrawn. Watch Nirmala Sitharaman as she explains the new regime in a press conference post budget presentation.