Budget 2023: EY India suggests nil tax on income up to ₹5 lakh under new regime
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
Deloitte believes the move is needed to bring parity in personal income tax with the corporate tax rate that were reduced in 2019
Ahead of the budget, Congress leader Rajeev Gowda suggests that the government must lower the taxes on items to boost personal consumption.