Budget 2023 : Standard deduction

Quick Summary
Budget 2023 has introduced the standard deduction for the new tax regime, making it the default option. The basic exemption limit has been raised to £3 lakh in the new regime, with tax rebates available up to £7 lakh annually. Presumptive taxation limits have also been enhanced for businesses and professionals. These changes may reduce demand for housing loans and tax-saving investments like LIC.

Yes. You may see the closing share prices of insurance companies
Whether employer contribution to NPS is allowed as deduction under new regime
For govt employees it is allowed as deduction
Rs.50000 increased from Rs.2.5 lacs to Rs.3 lacs.
An annual income of Rs. 7 lacs tax nil.
The budget has certainly certain care of the deprived. But where are inflow details. Market borrowing 11.9 trillion ok that certainly quite optimistic but inflows.
But they are encouraging the new tax regime
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