Income tax ceiling increase from Rs 5 lakh to Rs 7 lakh
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Budget 2023: Big relief for taxpayers ; No tax for income up to ₹7 lakh | Check revised rates here
Modi government's massive relief for middle class amid growing inflation. No tax for those with income up to ₹7 lakh in the new tax regime. Notably, new tax regime will be default but old one will continue too. Watch this video to know all about Finance Minister's announcements on personal income tax.
·New Delhi, India
Read Full ArticleBudget 2023 overhauls new income tax regime, people earning up to Rs 7 lakh needn't pay income tax
Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for financial year 2023-4 and sweetened the new income tax regime by making income of up to Rs 3 lakh exempt from income tax. She also simplified the tax structure
·India
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Leaning Left4Leaning Right11Center2Last UpdatedBias Distribution65% Right
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65% Right
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R 65%
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