New Delhi, Feb. 2 -- The days of intrusive tax scrutiny and compliance enforcement are over and tax administration will be based purely on trust and greater reliance on data mining, Central Board of Direct Taxes chairperson Ravi Agrawal said in a post budget interview toMint. Agarwal said that under the revamped new personal income tax regime, those with Rs.24 lakh annual income will benefit a tax reduction of Rs.1.1 lakh, while, the benefit will be of Rs.35,000 for those with Rs.15 lakh income and of Rs.70,000 for those with Rs.18 lakh annual income.
That is due to the restructuring of the slabs. Agarwal said that with the government laying emphasis on a trust based tax system, the appeal to tax payers is that they should pay the correc...
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