Union Budget 2023: Listen What Experts Say On New Tax Regime

Finance Minister Nirmala Sitharaman, while delivering her Union Budget speech, announced that no income tax will be charged till Rs 3 lakh in the new tax regime.

She announced six tax slabs and rebate has been extended on income up to Rs 7 lakh.

“I introduced in 2020, the new personal income tax regime with 6 income slabs, starting from Rs 2.5 lakh. I propose to change the tax structure in this regime by reducing the number of slabs to 5 and increasing the tax exemption limit to Rs 3 lakh,” she said.
COURTESY: Sansad TV

#nirmalasitharaman #budgetsession2023 #parliamentbudgetsession2023

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[UPSCSSC-vz]

राहुल कंबल सर Jab balon ko tax free Hai To fir 3 to 6 lakh Walon Ko 5% tax Kyon Hai

[jaishrimahatma]

So far no tax upto 5 lakhs. Now tax for 3 lakh income also.