Union Budget 2023| Now a person with an income of Rs 15,000 will have to pay only Rs 1.5 or 10 % of their income. The Union Budget 2023-24, introduced by Finance Minister Nirmala Sitharaman on February 1, proposed to increase the tax deduction to Rs 7 lakh from the current Rs 5 lakh as part of a […]
Old tax regime vs. new tax regime which is better for you as per Budget 2023? With Automatic Income Tax Calculator in Excel for the Assessment Year 2024-25.
As a deduction, claim exemption less than Rs. 3.75 deficits and opt for the new tax regime – the Finance Ministry calculates this by analyzing past tax collection data. A few years ago, Finance Minister Nirmala Sitharaman introduced a new tax regime. But ordinary taxpayers were not showing much enthusiasm because the old tax structure had many […]