New Tax Regime sees more takers

By Editorji News Desk
Published on | Aug 23, 2023

New Tax Regime attracts taxpayers

5.5 crore taxpayers have likely shifted to the new tax regime, says the revenue department

Image Credit: Business Standard

New tax regime, more appealing

New tax regime offers a rebate on income of up to ₹7 lakh

Image Credit: Business Standard

Higher tax rebate: The big draw

The majority of taxpayers shifting to the new regime, have taxable incomes of up to ₹7 lakh

Budget 2023 made new tax regime more attractive

FM Sitharaman raised tax rebate limit to ₹7 lakh from ₹5 lakh in FY23–24 budget

Advantages of the New Tax Regime

As per the new tax regime, there is no tax to be paid by individuals making up to ₹7 lakh a year.