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Budget 2023 : Standard deduction

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1732 Points Posted on 01 February 2023
Is standard deduction available in new tax regime ?
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On 01 February 2023 at 22:49 Report
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CFO- at NHTF
58280 Points Posted on 01 February 2023
Yes. Its available as per Budget 2023
59 Reply
On 01 February 2023 at 22:52
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1732 Points Posted on 01 February 2023
Is rebate upto 7Lacs available in old Tax regime?
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On 01 February 2023 at 22:53
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CFO- at NHTF
58280 Points Posted on 01 February 2023
No. Only upto 5Lakhs , rebate is available under old tax regime
59 Reply
On 01 February 2023 at 22:54
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1732 Points Posted on 01 February 2023
Is 2.5Lacs is the basic exemption limit under old tax regime?
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On 01 February 2023 at 22:54
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CFO- at NHTF
58280 Points Posted on 01 February 2023
Yes. Only new tax regime has enhanced basic exemption upto 3lacs
59 Reply
On 01 February 2023 at 22:55
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1732 Points Posted on 01 February 2023
Presumptive Taxation limits enhanced ?
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On 01 February 2023 at 22:55
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CFO- at NHTF
58280 Points Posted on 01 February 2023
Yes. For business : 3 Crores .

For Profession : 75Lakhs
59 Reply
On 01 February 2023 at 22:56
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1732 Points Posted on 01 February 2023
Is old tax regime by default?
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On 01 February 2023 at 22:59
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CFO- at NHTF
58280 Points Posted on 01 February 2023
No. New tax regime by default
59 Reply
On 01 February 2023 at 23:00
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1732 Points Posted on 01 February 2023
Is govt supporting new tax regime?
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On 01 February 2023 at 23:00
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CFO- at NHTF
58280 Points Posted on 01 February 2023
Yes . Govt wants all to go by new tax regime
59 Reply
On 01 February 2023 at 23:01
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1732 Points Posted on 01 February 2023
What will be the effect of new tax regime?
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On 01 February 2023 at 23:05
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CFO- at NHTF
58280 Points Posted on 01 February 2023
The demand for housing loan , LIC and other tax saving investments may get reduced
59 Reply
On 01 February 2023 at 23:06
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1732 Points Posted on 01 February 2023
Huge effect on insurance and housing loan business?
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On 01 February 2023 at 23:06


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