Budget 2023 Exclusive: Govt may allow deductions in new income tax regime - Expectations
Budget 2023: The government had in 2020 introduced a new tax regime. In the new regime, a taxpayer is not allowed to claim exemptions. The new tax regime has six slabs -- 5 per cent, 10 per cent, 15 per cent, 20 per cent, 25 per cent and 30 per cent.
Budget 2023: While introducing the new tax regime in 2020, the government had allowed taxpayers to choose the regime they want to follow, Pic- Pixabay