General Budget 2023: Old Tax Vs. New Tax Regime- Which one is Better?

Old Tax Vs. New Tax Regime: With the announcement of Budget 2023-24, Finance Minister Nirmala Sitharaman has said she is making new tax regime as default regime. However, citizens will have option to avail the benefit of old tax regime. The amount of taxes you pay is likely to change ahead. Finance Minister Nirmala Sitharaman … Read more

General Budget 2023: Income Tax Exemption Limit Increased from Rs 5 lakh to Rs 7 lakh, Finance Minister gave Statement

Finance Minister Nirmala Sitharaman has made a big announcement regarding tax slabs. Now under the new tax system, no tax will have to be paid till the annual income of up to Rs 7 lakh. Till now this limit was 5 lakh rupees. FM Sitharaman proposes to increase income tax rebate limit from Rs 5 … Read more