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Proposed Direct Tax Code: How it could cut your income tax

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When the corporate tax rate was reduced to 25 per cent last month, it was termed as an early Diwali for the corporate sector. Now, taxpayers are hoping the government will gift them a similar tax relief. The Akhilesh Ranjan taskforce, set up to suggest an overhaul of the Income Tax Act, has also recommended sweeping changes in the tax slabs. ET's Babar Zaidi explains the impact on your income tax. Watch now. (Text: ET Bureau)

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