connectone-dspl
9

Union budget updates - 2023

Personal Income Tax : New tax rates are as follows :

Rs. 0 - Rs 3 lakh - NIL,
Rs. 3 - 6 lakhs - 5%,
Rs. 6- 9 lakhs - 10%,
Rs. 9 - 12 lakhs - 15%,
Rs. 12 - 15 lakhs - 20%,
Above Rs. 15 lakhs - 30%

Thanks & Regards
Connect One Compliance Team.

From India, Bengaluru
vmlakshminarayanan
919

Hi, This is under new Tax Regime ( direct tax without any exemptions) I believe .
From India, Madras
umakanthan53
6016

YES. I think it is to bring more middle income group into the new tax regime.
From India, Salem
connectone-dspl
9

Yes... Here is that any one under this range of salary will have to pay the above said % without any exemptions,
From India, Bengaluru
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