New slabs make I-T structure more equitable: Ajay Bhushan Pandey

“People say there should be one or two slabs but that would be highly inequitable… Rates would have to be steep if we have one or two slabs. The income tax structure has to be progressive,” Ajay Bhushan Pandey told ET. “We studied slabs in developing countries, developed countries, neighbouring countries before these were worked out.”