Revenue Secretary Tarun Bajaj On The Old Vs Alternative Tax Regime

A large number of taxpayers in India show an income of less than Rs 7 lakh per annum. There is a need to re-look at the whole tax scheme and come out with a scheme that has got less number of exemptions and maybe larger slabs. "I think if we do that, there will be a large number of people who will opt for it and, maybe at some stage the government can also think of having only one option rather than two," Tarun Bajaj, Revenue Secretary said in an exclusive interview with Business Today TV Managing Editor Siddharth Zarabi. Bajaj also hinted at changes in income tax and capital gains taxation. Watch here to know more.