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New Tax Regime's Exemptions & Deductions Simplified | Budget 2023 #shorts #incometax

In this video, we will learn about the #newtaxregime and simplify all the exemptions and deductions.

Indian Finance Minister Nirmala Sitharaman yesterday announced the federal budget for 2023. Every February 1st, Indian taxpayers and citizens await the budget and the new changes and developments it brings. This was the first Amrit Kalu budget proposed by the Ministry of Finance under Prime Minister Sri Narendra Modi. This year's budget focused on his seven main areas, called Saptrishi.

A major highlight of the 2023 budget was the 'New Income Tax Plan' with many changes under the new tax regime. Against this background, taxpayers can choose between the new tax system and the old tax system when filing their income tax returns. But is the old tax system more favorable to taxpayers, or is the new tax system with the proposed changes? news etc. listen