BUDGET 2023 - QUICK GO POINTS

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....UDGET 2023 - QUICK GO POINTS<br>By: - CSSwati Rawat<br>Budget - Tax Proposals<br>Dated:- 1-2-2023<br><br>BUDGET 2023 - WHAT ALL IT IS BENEFICIAL Personal income tax 0-3 lakh- nil 3-6 lakh -5% 6-9 l....

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....akh - 10% 9-12 lakh-15% 12-15 lakh -20% Above 15 lakh - 30% Major relief to all tax payers in new regime Enhanced income tax exemption limit up to Rs 7 lakh under new tax regime People earning over....

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.... Rs 15 lakh in a year will be subject to 30% tax. Average processing period of 93 days in FY13-14 reduced to 16 days now; 45% Returns processed within 24 hours. New Income Tax return (ITR) forms for....

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.... easier filing of returns. Reduce the highest surcharge from 37% to 25% in the new tax regime, max rate of 39%. Relief in custom duty on import of certain parts of mobile phones like camera lens and....

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.... batteries by another year. Customs on kitchen chimneys to go down Benefit of lower tax rate of 15% to new cooperative societies.<br> Scholarly articles for knowledge sharing by authors, experts, pr....

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....ofessionals ....