Major Changes under Income Tax in Budget 2023

Kowsalya , Last updated: 11 February 2023 Share Follow on Google News

1. Increase in Rebate under Section 87A A Resident Individual is entitled to a Rebate of 100% of the amount of tax payable under the provisions of Section 87 A of the Act for the total income up to Rs. 7 Lakhs ( earlier it was Rs. 5L) (However such increased limit of rebate will be applicable

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About the Author

Kowsalya

CA Ch. KowsalyaFull-Time Partner | KLN Co, Chartered Accountants An experienced Chartered Accountant serving as a Full-Time Partner at KLN Co., Chartered Accountants, Visakhapatnam. Our firm specializes in delivering high-quality professional services in Audit, Direct Indirect Taxation, Corporate Law and Regulatory ... Read more

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