In this video, we have explained with examples the changes proposed by Govt in New Tax Regime in Budget 2023.
The Major changes are
1) New tax regime has been made default tax regime
2) The slabs have been reduced from 6 to 5
3) Slab rates have been reduced
- 0 - 3L = Nil
- 3 - 6L = 5%
- 6 - 9L = 10%
- 9 - 12L = 15%
- 12 - 15L = 20%
- More than 15L = 30%
4) Slab for rebate increased to Rs 7L income
5) Additional std deduction of Rs 52500 if the taxable income is more than Rs 15.5 L
31 янв 2023