Budget 2023 - An Estimate of Your Current Income Needs
Written by Himanshu
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REBATE EXTENDED
New tax regime extends income tax rebate to Rs 7 lac, Nirmala Sitharaman said
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SLABS & EXEMPTION LIMIT
In the new tax regime, there are five slabs instead of six. Tax exemption limit under new tax regime is Rs 3 lac.
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new tax rates
Nirmala Shitaraman announced the new tax rates under the new regime
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rs 0-3 lacs
Tax rate - Nil
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rs 3-6 lacs
Tax rate - 5%
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rs 6-9 lacs
Tax rate - 10%
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rs 9-12 lacs
Tax rate - 15%
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rs 12-15 lacs
Tax rate - 20%
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above 15 lacs
Tax rate - 30%
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