Finance Minister @nsitharaman has proposed a new tax regime, under which income tax rebate limit has been increased from Rs 5 lakh to Rs 7 lakh. “I introduced in 2020, the new personal income tax regime with 6 income slabs, starting from Rs 2.5 lakh. I propose to change the tax structure in this regime by reducing the number of slabs to 5 and increasing the tax exemption limit to Rs 3 lakh,” she said. #BudgetOnIndiaToday #Modinomics #IncomeTax #UnionBudget2023 #TaxRegime #Tax