On February 1,
2023, Nirmala
Sitharaman,
India's
Finance Minister,
announced the
Union Budget 2023,
which included new
income tax slabs
and rates
(more)
On February 1, 2023, Nirmala Sitharaman, India's Finance Minister, announced the Union Budget 2023, which included new income tax slabs and rates under the new tax regime. The new tax structure was implemented in Budget 2020 with six slabs, which have since been reduced to five for normal persons, elderly citizens, and HUFs (Hindu Undivided Families). Read more!