Sitharaman says new income tax regime lets people decide on consumption, saving.

Finance Minister Nirmala Sitharaman has said the government should not underestimate the ability of the taxpayer to make decisions on saving and consumption, with the new income tax regime giving them more freedom to choose.

In her Budget presented on February 1, Sitharaman renewed the push for the new tax system which was introduced three years ago but has not found many takers in the absence of exemptions and deductions.

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