Economics · Tax Reforms
Which of the following structural changes was recommended by the Raja Chelliah Committee regarding personal income tax rates?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Maintaining existing rates while exempting corporate income
- 2Abolishing all tax slabs in favour of a flat single rate
- 3Increasing the number of slabs and raising the tax rates
- 4Reducing the number of slabs and lowering the tax rates✓
Correct answer
Reducing the number of slabs and lowering the tax rates
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