The income tax rebate limit available for salaried and individual taxpayers under the new income tax regime has been hiked to ₹7 lakh from the present ₹5 lakh.
Two-thirds taxpayers likely to shift to new regime in 2023-24 itself: CBDT chief

The income tax rebate limit available for salaried and individual taxpayers under the new income tax regime has been hiked to ₹7 lakh from the present ₹5 lakh.