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Anagh Pal1 Feb 2023, 15:54
FM plays Santa: Zero tax on income upto ₹7 lakh under the new regime
  1. Tax saved by individuals in higher income brackets will result in the amount getting channelised into both consumption and savings, thereby boosting overall growth in the economy.
  2. A salaried person with an income of ₹15.5 lakh or more will stand to benefit by ₹52,500 under the new tax regime.
  3. New tax regime to be the default tax regime to encourage its adoption.

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FM plays Santa: Zero tax on income upto ₹7 lakh under the new regime