FM announces big infrastructure push
Budget 2023: IT rebate limit hiked to Rs 7 lakh under new tax regime
Finance Minister Nirmala Sitharaman announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh under the new tax regime, adding that the new tax regime will now be the default tax regime. While presenting the Union Budget 2023-24 in Parliament on Wednesday, the FM also reduced the number of tax slabs in the new tax regime. ...
