Marginal tax relief for small taxpayers for income exceeding Rs 7 lakh in new tax regime: Budget 2023
The marginal tax relief is available to individual taxpayers whose taxable income exceeds Rs 50 lakh. The Budget 2023 has made amendment under the income tax laws to provide marginal relief to small taxpayers who taxable income exceeds RS 7 lakh, provided they opt for new tax regime.
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