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Tax structure to be simplified, Saral 2 to be introduced

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The government will work towards simplifying the tax structure in the next four years and also introduce a simplified version of tax filing form Saral, called Saral 2, Finance Minister Pranab Mukherjee said during the Union Budget. 

Mukherjee also promised to revamp the country's tax structure, with a simple and exemption-free regime in four years.

This is in line with the government's stated agenda of a new income tax code to simplify the tax structure that is replete with exemptions and complex provisions.

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