Explore six noteworthy income tax updates, including changes to the tax regime and rebates, highlighted by Finance Minister Nirmala Sitharaman during the presentation of the Union Budget 2023.

Recognizing the potential for significant reforms in Budget 2024, we at Myitronline advise caution. We anticipate gradual changes to personal income tax brackets, reserving major adjustments for post-election periods.

New Income Tax vs Old Income Tax Slabs: Exploring Changes and Comparisons. As Finance Minister Nirmala Sitharaman prepares to present the interim budget for FY25 on February 1, 2024, we anticipate updates to the income tax structure.

Budget 2023 will be submitted in paperless forms, as were the previous two. This will be the Modi government's first full-fledged budget before the 2024 Lok Sabha elections.