BUDGET AT A GLANCE
2023-2024
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Key Features of
Budget 2023-2024
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Personal Income Tax Announcements Budget 2023
- People earning up to 7 lakh will not have to pay any tax under new tax regime
- New tax regime slabs reduced to 5
- Standard Deduction 52.5k in new tax regime
- Highest surcharge rate from 37% to 25%
- New Tax Regime default
- Senior Citizens Savings Scheme increased from 15 lacs to 30 lacs
- MIS Increased from 4.5 lacs to 9 lacs Single Account & 9 lacs to 15 lacs for Joint Account
Defence Budget