New Income Tax Structure in India Reduces Rates for All Taxpayers
The article discusses how taxpayers in India view the new income tax structure. The researchers used questionnaires and data analysis to understand how people feel about the changes. The new tax system benefits those who make small investments and simplifies the tax process. It also reduces the highest surcharge rate, making it the default option. The study found that taxpayers generally see the new income tax structure positively, especially in terms of compliance, awareness, and complexity.