"Currently, those with an income of Rs 5 lakhs do not pay any income tax and I proposed to increase the rebate limit to Rs 7 lakhs in the new tax regime," the Finance Minister said while presenting the Budget.
With the Lok Sabha elections scheduled for April-May 2024, this Budget holds special significance. Union Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament today which will be the last full Budget of the Modi government in its second term.
While presenting the Union Budget for 2023-24 in Parliament, Finance Minister Nirmala Sitharaman said that India s growth at 7 per cent in the current fiscal is the