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Introduction of standard deduction in new personal tax regime, changes in the basic exemption limit, changes. But why is it being said that there is no income tax upto rs. Web according to finance minister nirmala sitharaman's budget 2023 speech, i had introduced, in the year 2020, the new personal income tax regime with six income. The new tax regime comes up with several benefits for taxpayers, even with the lack of deductions.
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Web budget 2023 attempted to make the concessional tax regime (ctr) more attractive by introducing standard deductions, by enhancing the maximum amount of. Income tax rates (in %) previous income slab. Web 8 rows new tax regime (until 31st march 2023) new tax regime (from 1st april 2023) income. Consequently, individuals aged 60 or older with an.
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