If salary is Rs 7 lakh & above, there is standard deduction of Rs 50,000. Salaried middle class can choose from two regimes & pay taxes. The same scheme applies to different slabs. For income of more than 5 crores surcharge is brought down to 25%: Nitin Gupta, CBDT Chairman pic.twitter.com/Kjw63jDcnS— ANI (@ANI) February 3, 2023
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