BCIC wants income tax rates to be recalibrated

There is also a need to bring a separate tax deduction for savings in investment of infrastructure projects with an upper ceiling so that domestic savings can be garnered for infrastructure, at the same time higher tax payers do not misuse this benefit, said BCIC President K R Girish. Stressing the need to do away with corporate taxation, BCIC wanted tax holiday for Software Technology Parks and EOUs to continue.