Former Finance Minister Khatiwada Suggests Lowering Income Tax Threshold in Budget

Former Finance Minister Yubaraj Khatiwada has suggested lowering the income tax threshold in the upcoming budget to enhance revenue collection. The recommendation is directed at tackling the prevailing economic difficulties. Khatiwada's proposal entails adjusting the income tax threshold from NPR 400,000 to NPR 200,000 for individuals and from NPR 450,000 to NPR 300,000 for couples. The former minister's advice is aimed at bolstering revenue generation amidst economic uncertainties.