Budget 2023: Income tax rates could be lowered in new regime, says report
- In India, income tax is levied from a minimum individual earning of ₹5 lakh per year
India is considering lowering rates under its voluntary income tax framework and could introduce revised slabs in the upcoming Union Budget 2023 due on February 1, news agency Reuters reported today. However, a final decision would be taken by the Prime Minister's Office.
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