Income Tax Relief: Centre revises tax slabs in new regime, Standard Deduction raised to Rs 75,000
Union Finance Minister Nirmala Sitharaman made history by presenting her seventh consecutive Budget on Tuesday, surpassing the record of former Prime Minister and Finance Minister Morarji Desai.
Union Finance Minister Nirmala Sitharaman made history by presenting her seventh consecutive Budget on Tuesday.Two announcements for those opting for the new tax regime
In the New Tax Regime, the standard deduction of salaried employees to be increased from Rs 50,000 to 75,000 : FM
New Tax Regime slab : 0-3 lakhs - Nil, 3-7 Lakhs - 5 percent, 7-10 lakhs - 10 percent, 10-12 lakhs - 15 percent, 12-15 lakhs - 20 percent and above 15 lakhs- 30 percent : FM