China’s top legislature has received more than 230,000 public submissions in just over a month on a draft amendment to increase the minimum threshold for personal income tax from 2,000 yuan($308) per month to 3,000 yuan($462). The draft also proposes a reduction in the number of income tax brackets from the current nine to seven.Thrown open for public opinion on April 25,2011,the provision seeks to amend China’s Personal Income Tax Law that was first introduced in 1980. China’s top legislature has received more than 230,000 public submissions in just over a month on a draft amendment to increase the minimum threshold for personal income tax from 2,000 yuan ($ 308) per month to 3,000 yuan ($ 462). The draft also proposes a reduction in the number of income tax brackets from the current nine to seven. Throw open for public opinion on April 25, 2011, the provision seeks to amend China’s Personal Income Tax Law that was first introduced in 1980.