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Does the middle income class will benefit from new tax slabs in FY 2023-24?

Making the new income tax regime the default option was one of several changes to the country s income tax structure that India s finance minister Nirmala Sitharaman proposed in her Budget 2023 speech. ....

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Old tax regime or new tax regime 2.0: Expert take on what to pick

Tax savings under both regime for those with income between Rs15 lakhs to ₹5 Cr will range from ₹65,000 to ₹87,750 but no sooner one exceeds the income level of ₹5 cr let’s say at income of ₹6 Cr the savings generated is about Rs23 lakhs. ....

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