Followers

Thursday, February 2, 2023

Union Budget 2023: 1cr in Rs 5-7L income range to gain from new tax regime

Close to one crore individuals in the Rs 5-7 lakh income range stand to gain from the government’s decision to increase the rebate level to Rs 7 lakh under the new tax regime, data available with the finance ministry showed. Several of these individuals are unable to use the benefits available for investment in specified savings instruments, such as public provident fund or 5-year fixed deposits, increasing their tax liability, government sources told TOI.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cJd4rhB

No comments:

Post a Comment

Waaree Renewable Technologies bags solar project worth Rs 1,233 crore

Waaree Renewable Technologies secured a ₹1,233.47 crore order to build a 2,012.47 MWp DC ground-mount solar PV project from a domestic renew...