Question
According to the Budget 2023, which of the following changes is/ are correct regarding “ Income tax” ?
According to the Budget 2023, which of the following changes is/ are correct regarding “ Income tax” ?
I. Rebate limit of Personal Income Tax to be increased to Rs . 7 lakh from the current Rs . 5 lakh in the new tax regime .
II. The new tax regime was introduced in 2021 .
III. According to the new tax regime the highest income tax rate is 30 %.
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