Question

  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 %.

A I only
B III only
C I and III only
D I and II only
E All of the above
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