In this discussion on Times Now, the anchor will be discussing the Budget for Amrit Kaal with Niti Aayog VC, Suman Bery. The Union government, headed by Financial Minister Nirmala Sitaraman presented the Budget for the year 2023. In the new tax regime, which will be the default version, the government has simplified the slabs. There will be no tax on income up to 7 lakh rupees per year, up from 5 lakhs, and the highest applicable tax rate in India after surcharges will be reduced from 42.7 percent to 39 percent. The guest for this episode Mr. Suman Bery said, “The FM has been really specific that they'd like the new tax regime to become the default one. That's why, more incentives are being given i.e. simplifying & eliminating exemptions, which is a reasonable reform strategy”. Watch the video to know more!
#unionbudget2023 #amritkaalbudget #2023budget
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