Budget 2023 Tax Reforms: How much taxes do you save?
When compared with the old tax regime, income tax rates under the new proposed tax regime are undoubtedly higher, says Aarti Raote of Deloitte India.
When compared with the old tax regime, income tax rates under the new proposed tax regime are undoubtedly higher, says Aarti Raote of Deloitte India.
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
A growing view ahead of the budget is that the exemption limit of ₹1.5 lakh, which has not been changed since 2014, now needs to be revised.