Comparison of Tax Slabs in India

Recent years have seen several modifications to India's income tax structure, including regular adjustments to the income tax slabs. This has had serious effects on the economy overall and left taxpayers with a complicated and frequently perplexing tax system. The income tax slabs in India will be compared in this research study, and we'll look at how they differ and how they affect the economy and taxpayers. We shall examine the reasons for the existing tax structure as well as the historical development of India's income tax system. We will also examine the effects of the existing income tax slabs on social welfare, economic growth, and revenue generation. With the use of this research, we hope to shed light on the advantages and disadvantages of India's current income tax system and offer suggestions to legislators for enhancing the efficacy and efficiency of the framework.