Finance Minister Nirmala Sitharaman, in the Union Budget 2023-24 presented on Feb. 1, tweaked the slabs to provide some relief to the middle class by announcing that no tax would be levied on annual income of up to ₹7 lakh under the new tax regime.

Here is a list of announcements relating to the Income Tax.

Read more here: https://www.thehindu.com/business/budget/budget-2023-income-tax-slabs-revamped-rebate-limit-increased-from-5-lakh-to-7-lakh/article66457732.ece

Production: Abhinaya Sriram

Thank you for watching our video!

You can subscribe to our channel here: https://bit.ly/3c8Adi6

Visit https://www.thehindu.com/ for the latest updates, analysis, opinions, and more.

You can also download our apps:
Android: https://bit.ly/3nboBEi
iOs: https://apple.co/3EDCwt4

The Hindu is committed to keeping you up-to-date with information on the developments in India and the world. We promise to deliver quality journalism that stays away from vested interest and political propaganda. You can support us by subscribing to our digital offerings here: https://bit.ly/3emywiz

Follow us:
Twitter: https://twitter.com/the_hindu
Instagram: https://www.instagram.com/the_hindu/

#budget2023 #unionbudget2023 #incometax