rebate - The News Caravan

National

Income tax rebate is of no use to Telangana: BRS MLC Kavitha

SAQIB SHAFIFebruary 1, 202302 mins

[ad_1] Hyderabad: Reacting to the union budget delivered by Finance minister Nirmala Sitharaman BRS MLC K Kavitha Kalvakuntla on Wednesday said that the income tax rebate on income up to Rs 7 lakhs in the new tax regime is of no use to the people of Telangana. “This budget mathematical confirmation of the failure of…

National

Income tax- rebate extended on income up to Rs 7 lakhs in new tax regime: FM

SAQIB SHAFIFebruary 1, 202301 mins

[ad_1] Finance Minister Nirmala Sitharaman announced that the income tax rebate is extended on income up to Rs 7 lakhs in the new tax regime. “I introduced in 2020, the new personal income tax regime with 6 income slabs, starting from Rs 2.5 Lakhs. I propose to change the tax structure in this regime by…