Basic exemption limit has been hiked to Rs.3 lakh from Rs 2.5 currently under the new income tax regime in Budget 2023. Further, the income tax slabs in the new tax regime has been changed. According to the announcement, 5 income tax slabs will be there in FY 2023-24, from 6 income tax slabs currently. A rebate under Section 87A has been enhanced under the new tax regime; from the current income level of Rs.5 lakh to Rs.7 lakh. Thus, individuals opting for the new income tax regime and having an income upto Rs.7 lakh will not pay any taxes.
The income tax slabs under the new income tax regime will be as follows:
1. Rs O to Rs 3 lakh - 0% tax rate
2. Rs 3 lakh to 6 lakh - 5%
3. Rs 6 lakh to 9 lakh - 10%
4. Rs 9 lakh to Rs 12 lakh - 15%
5. Rs 12 lakh to Rs 15 lakh - 20%
6. Above Rs 15 lakh - 30%
------------------------
Current Affairs Playlist👉[ Ссылка ]
Playlist👉[ Ссылка ]
UPSC Unstoppables Telegram Channel👉[ Ссылка ]
-------------------------
👉Shivangi Gautam Profile: [ Ссылка ]
👉Shivangi Gautam Plus Courses: [ Ссылка ]
👉Shivangi Gautam Batch Courses: [ Ссылка ]
👉Shivangi Gautam Free Classes: [ Ссылка ]
-------------------------
🎯Goal Subscription Page: [ Ссылка ]
🎯Goal Free Special Class Page: [ Ссылка ]
🎯Goal Combat Page: [ Ссылка ]
🎯IOS: [ Ссылка ]
🎯Android: [ Ссылка ]
---------------------------
Subscribe now Unacademy UPSC Courses and batches,
Enroll Now:
Plus Combo : UPSC CSE GS (Plus) + UPSC CSE Optional (Plus)
[ Ссылка ]
Iconic Combo : UPSC CSE GS (Iconic) + UPSC CSE Optional (Plus)
[ Ссылка ]
-------------------------
Top educators are teaching live on Unacademy. Get your Unacademy UPSC CSE Subscription at a never-before price and boost your exam preparation.
Subscribe today - [ Ссылка ], Use code "SHIVGLIVE" to avail min. 10% Off.
Let's Crack It!
#budget2023 #taxslab #incometax #upsc #ias #currentaffairs #unacademyupsc #unacademy
