Rebate limit of Personal Income Tax to be increased to Rs. 7 lakh from the current Rs. 5 lakh in the new tax regime. Thus, persons in the new tax regime, with income up to Rs. 7 lakh to not pay any tax.
source https://www.caclubindia.com/articles/new-income-tax-slabs-fy-2023-24-illustrative-analysis-48702.asp
source https://www.caclubindia.com/articles/new-income-tax-slabs-fy-2023-24-illustrative-analysis-48702.asp
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