"Currently, those with an income of Rs 5 lakhs do not pay any income tax and I proposed to increase the rebate limit to Rs 7 lakhs in the new tax regime," the Finance Minister said while presenting the Budget.
The Delhi budget was presented today after days of back-and-forth between the Centre and AAP government. The Home Ministry approved the Delhi Budget yesterday after initially objecting to certain allocations for infrastructure, advertisements
Union Budget 2023: Read latest budget news and live updates on Union Budget of India 2023-24. Get the detailed updates from Indian Budget 2023-24 announcements, Budget 2023 expectations, income tax slabs 2023-24, rail budget or railway budget, budget highlights and much more at Firstpost.com
The proposals in Finance Bill 2023 relating to Income-tax amendments can be widely considered to have received mixed reactions from the high-net-worth individual (HNI) community.