New income tax regime
Budget 2023: Income Tax Update; Exemption limit in new tax regime raised to ₹7 lakh
Updated: 01 Feb 2023, 05:35 PM IST
TL;DR.The basic exemption limit has been raised to ₹3 lakh from ₹2.5 lakh. A ₹2.5 lakh basic exemption limit is prescribed in old tax regime.
First Published: 01 Feb 2023, 03:13 PM IST