Responding to a question on the new income tax regime announced in the Union Budget 2023, the Minister said that the simple step of trying to leave some money in the middle-class' hands leads to a lot of inferences. "We had said earlier we will simplify and reduce income tax rates, that's wh
Replying to the debate in Lok Sabha on the general budget on Friday, the Finance Minister also talked about the new tax regime stating that it will leave higher disposable income in the hands of people.
The income tax rebate limit available for salaried and individual taxpayers under the new income tax regime has been hiked to Rs 7 lakh from the present Rs 5 lakh.
Mumbai (Maharashtra) [India] February 2 (ANI/PNN): The Union Budget 2023 has emphasised the need to accelerate economic growth, create new job opportunities, and build resilient infrastructure. There was too little for the real estate sector, and it missed an opportunity to boost the home-bu
Bharat Rashtra Samithi MLC Kavitha Kalvakuntla on Wednesday termed the Union Budget presented by Union Finance Minister Nirmala Sitharaman as a "failure" of the Central government.
Union Finance Minister Nirmala Sitharaman on Wednesday announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh stating that the new tax regime will now be the default tax regime.
In her budget speech, the minister made five major announcements in regard to personal income tax, saying these primarily benefit hard-working middle class
Finance Minister Nirmala Sitharaman declared five major announcements in the new tax regime including an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh stating that the new tax regime will now be the default tax regime.
Speaking on the Personal Income Tax rebate in the new tax regime, Sinha said, "Middle class will benefit most from this year's budget. Consumption will increase due to this move and the economy will further boost."
Union Finance Minister Nirmala Sitharaman, during the Budget session today, announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh stating that the new tax regime will now be the default tax regime.