With a plethora of changes in tax slabs and consumer segment, several rules are set to change from April 1, 2023. Among others, the most important change is that with effect from April 1, new tax regime will become the default option. Under the new tax regime, there is no tax up to ₹7 lakh. The removal of indexation benefit on LTCG tax on debt mutual funds is another key change which will have a significant impact on existing, as well as new investors, who may want to re-strategise their MF allocations., Personal Finance News, Times Now