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News Income Tax Slabs | New Vs Old Tax Regime: Which One Should You Choose? | Beyond The Headlines
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February 1, 2023
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Feb 1, 202312:09Now PlayingIn this episode of Beyond The headlines with Tamanna Inamdar, the anchor will be discussing new vs old tax slabs. In Financial Minister's budget speech, Nirmala Sitharaman made several major announcements for hardworking middle-class citizens who pay taxes. These are known as new income tax slabs, and the government has decided to make them the default tax regime. However, the old income tax slab system has not been repealed. Instead, when it comes to paying their taxes, taxpayers now have the option of choosing between the two regimes. Under the new tax regime, Sitharaman has proposed raising the exemption limit to Rs 7 lakh, which means that a taxpayer will not be required to pay any tax up to this amount. The guest for this episode Mr. Chandrasekhar ( Minister of State for Skill Development and Entrepreneurship and Electronics and Information Technology of India) said, “We are creating employable skills among the youth of the country”. Watch the video to know more!
#taxregime #budget2023 #2023unionbudget
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