In India, the rate of income tax is controlled by the Central Board of Direct Taxes (CBDT), which is a part of the Department of Revenue under the Ministry of Finance. The CBDT is responsible for administering direct tax laws, such as the Income Tax Act, and for collecting direct taxes, such as income tax, corporate tax, and wealth tax. The CBDT has the power to make rules and issue circulars to clarify tax laws and policies, and it can also grant exemptions and relaxations in certain cases. The CBDT also has the authority to review and revise tax rates and slabs from time to time.
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