Individual taxpayers with income marginally over Rs 7 lakh to get relief under new tax regime

Last updated: 27 March 2023

The government has provided additional relief to taxpayers under the new income tax regime by tweaking it so that those earning over the tax-free limit of Rs 7 lakh per annum do not end up paying tax in excess of their incremental income over the threshold. The decision is likely to further sweeten

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