5 Key Changes In Personal Income Tax After Budget 2023

Income up to Rs 7 lakh would now be tax-free versus the earlier threshold of Rs 5 lakh. With high inflations eating into people's earnings, the government's announcement comes as a relief for the middle-class.   Two years ago, the government had introduced a new personal tax regime and tax-payers could choose between the old and new regime. Ms Sitharaman today announced that the new regime unveiled this year would now become the d...