Good News Taxpayers  by FM 

GOOD NEWS FOR TAXPAYERS

Increased Tax Exemption from Rs 500,000 to Rs 700,000 for salaried employee

5 tax slabs - nil for 0-3 lakh, 5% for 3-6 lakh, 10% for 6-9 lakh,

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15% for 9-12 lakh, 20% for 12-15 lakh, 30% above 15 lakh.

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No tax for income up to 3 lakh.

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Reduced highest effective tax rate from 42.7% to 39%.

Lower tax for income between 9-15 lakh.

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Budget aimed at green growth and job creation.

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Higher limit of 2 lakh per member for deposit and loans by Primary Agricultural Credit Societies.

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GOOD NEWS FOR TAXPAYERS

BUDGET 2023

Increased Tax Exemption from Rs 500,000 to Rs 700,000 for salaried employee

BUDGET 2023

5 tax slabs - nil for 0-3 lakh, 5% for 3-6 lakh, 10% for 6-9 lakh,

BUDGET 2023

15% for 9-12 lakh, 20% for 12-15 lakh, 30% above 15 lakh.

BUDGET 2023

No tax for income up to 3 lakh.

BUDGET 2023

Reduced highest effective tax rate from 42.7% to 39%.

BUDGET 2023

Lower tax for income between 9-15 lakh.

BUDGET 2023

Budget aimed at green growth and job creation.

BUDGET 2023

Higher limit of 2 lakh per member for deposit and loans by Primary Agricultural Credit Societies.

BUDGET 2023