Monday, May 27, 2024

Income Tax Slabs Changes 2023: Tax rebate increased from Rs 5 lakh to Rs 7 lakh

Income Tax Slab Change: Finance Minister Nirmala Sitharaman has made a big announcement regarding income tax slab rates. If you also pay tax, now the Finance Minister has made a big change in the tax slab. The government has abolished the old tax slabs. From now on you will have to pay tax under the new slab.

Let’s see the new tax slabs- 
>> 0 to 3 lakh – 0 percent
>> 3 to 6 lakh – 5 percent
>. 6 to 9 lakh – 10% tax
>> 9 to 12 lakh – 15% tax
>> 12 to 15 lakh – 20%
>> above 15 lakh – 30%

Exemption increased in the new tax regime

Finance Minister Nirmala Sitharaman has made several announcements for the benefit of taxpayers. In this, regarding income tax, the Finance Minister announced that under the new tax system, the exemption has been increased on income up to Rs 7 lakh. Earlier this exemption was available up to Rs 5 lakh. Along with this, the income tax slab has also been increased. Now there will be no tax up to Rs 7 lakh. Salaried people will get benefits.

Read More: Budget 2023: If you use PAN card, a big update has come, the Finance Minister himself said such a big thing in the budget speech

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 YouTube                 Click Here
🔥 Facebook Page                 Click Here
🔥 Instagram                 Click Here
🔥 Telegram Channel                  Click Here
🔥 Google News                 Click Here
🔥 Twitter                 Click Here


Please enter your comment!
Please enter your name here

Most Popular


Big action by Income Tax Department! taxpayers will find this new facility

The country's Income Tax Department continues to release information regarding the ongoing deadline for filing income tax returns. The annual information statement now contains...

Do this work in March to save income tax! salary will not be deducted

Now that March has arrived, everyone is preparing to save money on taxes. Get an alert right away if you want to reduce your...

These six strategies will save your income tax! you’ll save thousands of rupees

Tax savings are a major issue for those with jobs. For individuals earning Rs 30 lakh or more each year, saving taxes is a...

The Income Tax slab will remain unchanged in the budget! choose tax regime carefully

On February 1st, Finance Minister Nirmala Sitharaman will deliver the budget for the sixth time in a row. This year will see the presentation...

New Tax Regime was accidentally selected! change like this to avoid deductions

There are five days left in the year 2023 before it ends and the new one begins. Most businesses request that their staff members...

Most Popular


* indicates required