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.
According to the effective slab rates on his or her total income falling under the old or new tax regime, every salaried employee would be subject to taxation.
LIVE Updates | Union Budget 2023-24 in India: The Budget is anticipated to include announcements of relief for the middle class and various economic sectors.
In the Union Budget on Wednesday, Finance Minister Nirmala Sitharaman proposed an increase in the tax on cigarettes, setting off memes and jokes online.