Income tax: 90% or more taxpayers may shift to new regime, says CBDT chief on Budget

The Central Board of Direct Taxes (CBDT) is the administrative body, under the Union finance ministry, for the I-T Department.

The Budget announcement of zero tax for earnings upto ₹12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new tax regime as compared to the about 75 per cent as of now, CBDT Chairman Ravi Agrawal said on Sunday.

In a post-Budget interview exclusively to PTI, Agrawal said the government's and the Income-Tax Department's philosophy and approach is to ensure a "non-intrusive" tax administration in the country through an enhanced usage of Artificial (AI) apart from the regular human intelligence gathering mechanism.