Budget 2023: ICAI Suggestion to Increase section 80C limit to Rs 2.5 lakh, raise PPF investment limit to Rs 3 lakh

Budget 2023: The Institute of Chartered Accountants of India (ICAI) has submitted the “PRE-BUDGET MEMORANDUM – 2023 for DIRECT TAXES AND INTERNATIONAL TAXATION. In that ICAI stated that: Section 80C – Various suggestions Issue/Justification: PPF is used as a means of savings by entrepreneurs and professionals. While the assessees in employment have the compulsion of […]

Income Tax Rates for Financial Year 2022-23/ AY 2023-24

Income Tax Rates for Financial Year (FY) 2022-23/ Assessment Year (AY) 2023-24: In this section, you will learn about the normal tax rates applicable to different taxpayers. Normal tax rates for Individuals & HUF The normal tax rates that apply to a resident individual depend on that person’s age. However, regardless of age, the tax […]

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