Exclusive: Big news from the Ministry of Finance… Work on the new income tax system is progressing at a rapid pace and preparations are underway to include it in the next Budget!

A major update on the tax system has been released. The finance ministry is working on a new income tax system. Sources told India Today that the government is aiming to simplify the tax system and processes. Under the new system, 125 departments and sub-departments are likely to be abolished. India Today has learnt from