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Budget 2023: Income Tax Rebate Limit Increased To Rs 7 Lakh From Rs 5 Lakh Under New Tax Regime

INDIA Team Latestly| Feb 01, 2023 03:46 PM IST
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On February 1, Finance Minister Nirmala Sitharaman announced that no income tax will be payable on income of Rs 7 lakh in the new tax regime. It was Rs 5 lakh earlier. FM Sitharaman said the New Tax Regime will be considered the default regime. However, the Old Tax Regime will be operational. Watch the video to know more.

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Budget Budget 2023 Budget 2023 highlight Budget 2023 Updates budget tax slabs 2023 Income Tax Income Tax Budget 2023 Income Tax Slab India Budget 2023 Highlights new budget 2023 income tax slabs New Income Tax Regime New Tax Regime New Tax Regime Explained Personal Income Tax Union Budget 2023
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