Budget 2023- Key points of taxation- Old vs. New tax regime | The Union budget for 2023 was presented in Parliament today, on February 1, 2023, the Finance Minister proposed five important announcements for taxpayers: 1. Zero taxes, up to Rs of income. 7 lakhs (after U/S 87A discount) 2. Six rental plates and new tax rates 3. Standard deduction of Rs. 52,500/- for salary earners of Rs. 15.5 lakhs or more. 4. Surcharge on Income greater than 2 Cr 25% instead of 37% 5. The discount for paid leave of up to 10 months of average salary,…
Tag: Download Income Tax Calculator All in One for the Govt and Private Employees for A.Y.2024-25
Income Tax Preparation Software All in one for the Government & Non-Government Employees for the F.Y.2023-24 & A.Y.2024-25| With Union Budget 2023
Union Budget 2023| Now a person with an income of Rs 15,000 will have to pay only Rs 1.5 or 10 % of their income. The Union Budget 2023-24, introduced by Finance Minister Nirmala Sitharaman on February 1, proposed to increase the tax deduction to Rs 7 lakh from the current Rs 5 lakh as part of a package of changes in the form in which the government taxes the salaried class. Therefore, any person who has an annual income of Rs 9,000 will need to pay only Rs 45,000. This is only…