Tax reforms announced by FM Sitharaman: Key points

Finance minister Nirmala Sitharaman announced a new tax regime and significant reforms to ease compliance for the middle class and senior citizens. Key highlights include a nil tax slab up to Rs 12 lakh, rationalisation of TDS and TCS limits, and extended compliance periods for charitable trusts.

​Finance minister Nirmala Sitharaman announced a new tax regime and significant reforms to ease compliance for the middle class and senior citizens. Key highlights include a nil tax slab up to Rs 12 lakh, rationalisation of TDS and TCS limits, and extended compliance periods for charitable trusts.