India's salaried class is awaiting some relief from finance minister Nirmala Sitharaman when she presents the Union Budget 2023 on February 1.
While nothing was announced on the taxation front in the previous Budget, hopes are high for rebates and relaxation in tax slabs, standard deduction, and Section 80C limit, among other things.
Here is what experts expect from Budget 2023 on personal income tax and finance front
Income Tax slabs
The last change in income tax slabs came during the financial year 2017-18, barring the introduction of the optional new tax regime in 2020-21. With no change taking place