The term ‘Marginal Relief’, recently seen in the news, refers to:
1
A subsidy offered to marginal farmers to offset crop failure.
2
A tax concession granted to small business units under GST to reduce compliance burden.
3
A benefit provided to taxpayers whose income marginally exceeds the rebate threshold, ensuring their additional tax outgo does not exceed the extra income earned.
4
A deduction applicable to employees in the unorganised sector under Section 80CCD(2).