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Budget 2023: Huge Income Tax Relief, Infra And Jobs Push Ahead Of 2024: 10 Points

Budget 2023: Nirmala Sitharaman presented the Union Budget today
Budget 2023: Nirmala Sitharaman presented the Union Budget today
The government has simplified the slabs in the new tax regime, which will be the default version. There will be no tax on income on up to Rs 7 lakh a year -- up from Rs 5 lakh -- and the highest applicable tax rate in India after surcharges has been reduced from 42.7 per cent to 39. The new tax regime is "attractive as it gives a greater rebate. It also provides for simplified and smaller slabs,"  the minister said. The tax slabs ...
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