Big push for new tax regime in Budget 2023: Who stands to benefit from the new tax rates

Investment experts not enthused by proposals; feel intent to phase out deductions could backfire. The revised new tax regime offers a higher tax exemption, raises the threshold for tax rebate and reduces the surcharge for the super rich. Here’s how it will impact taxpayers at different income levels.

from Tax-Wealth-Economic Times https://ift.tt/WtIU30x