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Budget 2023

No tax on income up to Rs 7 lakh, standard deduction allowed under new tax regime
Patriot Bureau -February 1, 2023

No tax on income up to Rs 7 lakh, standard deduction allowed under new tax regime

No tax on income up to Rs 7 lakh, standard deduction allowed under new tax regime

In the Budget for 2023-24, Sitharaman said currently individuals with total income of up to Rs 5 lakh do not pay any tax due to rebate under both the old and new regimes