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Union budget updates - 2023

Personal Income Tax : New tax rates are as follows :

Rs. 0 - Rs 3 lakh - NIL,
Rs. 3 - 6 lakhs - 5%,
Rs. 6- 9 lakhs - 10%,
Rs. 9 - 12 lakhs - 15%,
Rs. 12 - 15 lakhs - 20%,
Above Rs. 15 lakhs - 30%

Thanks & Regards
Connect One Compliance Team.

From India, Bengaluru
Hi, This is under new Tax Regime ( direct tax without any exemptions) I believe .
From India, Madras
YES. I think it is to bring more middle income group into the new tax regime.
From India, Salem
Yes... Here is that any one under this range of salary will have to pay the above said % without any exemptions,
From India, Bengaluru
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