scorecardresearchBudget 2023: Income Tax Update; Exemption limit in new tax regime raised

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.

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New income tax regime
First Published: 01 Feb 2023, 03:13 PM IST