Income tax ceiling increase from Rs 5 lakh to Rs 7 lakh
Income Tax Slab Budget 2023 LIVE Updates: New income slabs, rates explained; salaried taxpayers must know about these changes
New Income Tax Slab Budget 2023 LIVE Updates: Finance Minister Nirmala Sitharaman tweaked the income tax slabs under the new tax regime. What's new in the new income tax regime1) Basic exemption limit is hiked from Rs 3 lakh to Rs 2.5 lakh2) Rebate under section 87A has been hiked from Rs 5 lakh to Rs 7 lakh3) The income tax slabs under the new income tax regime will be as follows:Up to Rs 3 lakh - 0% taxBetween Rs 3 and 6 lakh - 5% taxBetween Rs
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.
Budget 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