New Delhi [India], February 7 (ANI/SRV): The announcement of the revised tax slabs, presented in the Union Budget 2023 by the Finance Minister, Nirmala Sitaraman on the 1st of February came with a New Scheme under which there will be no payable income tax for those under 7LPA of personal income. Earlier the tax rebate ceiling was 5 LPA under the two concurrent taxation schemes, while now those who opt for the New Scheme will enjoy an additional roof of 2 lakhs. This new development indicates an increase in discretionary income, which in turn is expected to boost the commercial scene in the country due to the fact that the bottom end of the economy has more capital to dispense. With the rise in discretionary income coupled with a host of growth-inducing measures, the Union Budget 2023, has been deemed by several experts as an overall positive, growth-oriented budget. The new budget has put much emphasis on capital expenditure, infrastructure development, and the expansion, nurturing, an