Budget 2021 could impose a coronavirus cess, hike LTCG tax on equity: EY

Due to the need to garner more revenue, the government could look at imposing a Covid cess probably graded by income groups as people are already impacted by inflation, says EY India's Sonu Iyer. "I don't foresee any change in the personal tax rates per se because the government has already introduced an alternative tax slab structure last year offering lower tax rates sans exemptions," she said.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3i5QYPR