https://www.taxtmi.com/article/detailed?id=11055 The Budget revises the personal income tax structure by introducing a new default tax regime with reformed slabs and an increased rebate threshold, reduces the top surcharge, maintains a standard deduction for salaried taxpayers, and raises leave-encashment exemption. It deploys administrative reforms including a next-generation ITR form, expanded presumptive taxation limits, MSME expense deduction on payment basis, a concessional tax rate for certain cooperatives, extended startup benefits, and measures to expedite selective scrutiny and small-appeal disposal. en-us Thu, 02 Feb 2023 08:58:23 +0530 Thu, 02 Feb 2023 08:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11055 The Budget revises the personal income tax structure by introducing a new default tax regime with reformed slabs and an increased rebate threshold, reduces the top surcharge, maintains a standard deduction for salaried taxpayers, and raises leave-encashment exemption. It deploys administrative reforms including a next-generation ITR form, expanded presumptive taxation limits, MSME expense deduction on payment basis, a concessional tax rate for certain cooperatives, extended startup benefits, and measures to expedite selective scrutiny and small-appeal disposal. Articles Budget - Tax Proposals Thu, 02 Feb 2023 08:58:23 +0530 https://www.taxtmi.com/article/detailed?id=11055