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Budget 2023: New regime a step toward low tax rates with minimum exemptions
Budget 2023: New regime a step toward low tax rates with minimum exemptions
At present, those with income up to Rs 5 lakh do not pay any income tax in both old and new tax regimes. The budget proposes to increase the rebate limit to Rs 7 lakh in the new tax regime, implying there will not be any tax on income up to these levels.
At present, those with income up to Rs 5 lakh do not pay any income tax in both old and new tax regimes. The budget proposes to increase the rebate limit to Rs 7 lakh in the new tax regime, implying there will not be any tax on income up to these levels.
At present, those with income up to Rs 5 lakh do not pay any income tax in both old and new tax regimes. The budget proposes to increase the rebate limit to Rs 7 lakh in the new tax regime, implying there will not be any tax on income up to these levels. 
