𝓘𝓷𝓬𝓸𝓶𝓮 𝓽𝓪𝔁 𝓼𝓵𝓪𝓫𝓼 𝓱𝓪𝓼 𝓫𝓮𝓮𝓷 𝓾𝓹𝓭𝓪𝓽𝓮𝓭 𝓲𝓷 𝓽𝓱𝓮 𝓻𝓮𝓬𝓮𝓷𝓽 𝓫𝓾𝓭𝓰𝓮𝓽 2023 𝓯𝓸𝓻 𝓽𝓱𝓮 𝓐𝓼𝓼𝓮𝓼𝓼𝓶𝓮𝓷𝓽 𝓨𝓮𝓪𝓻 :- 𝓖𝓵𝓪𝓷𝓬𝓮

In the budget 2023, the finance minister come up with new plan to increasing the exemption limit from 2.5L to 3L for new tax regime i.e. u/s 115BAC. The change not only impacted the exemption limit but also make each level of income tax slabs gaps of 3L for previous prescribed rates. This change has make a vital impact for taxpayers who have their income upto 15L & have their income other than PGBP.

Note:- If taxpayers have income from PGBP, this regime is not beneficial for them as uptill it not closed it's business such taxpayer not allowed to switch to any regime other than 115BAC.