After ₹7 lakh, will the ₹12 lakh tax rebate trigger another investing wave?

Business Today

After ₹7 lakh, will the ₹12 lakh tax rebate trigger another investing wave?

The ₹12 lakh tax rebate under the new regime could have implications far beyond lower tax outgo. Historical income tax data suggests that the earlier ₹7 lakh rebate coincided with rising participation in mutual funds, stocks and other financial assets, raising questions about whether another wave of investing may be on the horizon.

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