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Budget 2023: Amid exemption in income tax, picture of 31-year-old tax slab goes viral | WATCH

In the general budget presented today, Finance Minister Nirmala Sitharaman has announced a big relief for taxpayers and has kept income up to 7 lakhs out of tax

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Union Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman has presented the general budget for 2023-24. This time the Finance Minister presented the budget for the 5th time. The common man has been taken full care of in this budget. Big relief has been given to the biggest taxpayers by giving exemption in the tax slab. Now no tax will have to be paid on income up to Rs 7 lakh. Taxpayers will be given this exemption under the new tax system.

In the midst of great relief to the taxpayers, a picture is going viral on social media. This picture is of the tax slabs released during the 1992 budget. The change in tax slabs in 1992 and today can be gauged from this picture.

Watch the viral photo here:

Photo of 1992 tax slab

PV Narasimha Rao’s government in 1992 is called the father of liberalisation in the country. Manmohan Singh, who was the Finance Minister in Rao’s government, presented the budget, which opened the way for economic reforms in the country. In this budget, the tax slab was divided into three parts.

Read Also: Budget 2023: Nirmala Sitharaman outlines 7 priorities, calls them saptarishis

What was tax slab in 1992?

Now, let’s talk about the picture which is in discussion. In this picture shared by a Twitter handle, information about the tax slab of 1992 has been given. Its caption reads New Income Tax Slab in the 1992 Budget. No tax up to Rs 28,000. 20 per cent tax from Rs 28001 to Rs 50000. 30 per cent tax from Rs 5,0001 to Rs 1,0000. 40 per cent income tax on income above Rs 1 lakh. Along with this, a photo of Indian Express has also been shared.

This tweet has gone viral. Till now hundreds of users have liked this picture. A user wondered what will be the tax on 10 lakhs.

What is the tax slab today?

In the general budget presented on February 1, 2023, Finance Minister Nirmala Sitharaman has announced a big relief for taxpayers and has kept income up to 7 lakhs out of tax. Under the new income tax slab, taxpayers will not have to pay any tax on income between 0 to 3 lakh rupees. 5 per cent for Rs 3 to 6 lakh, 10 per cent for Rs 6 to 9 lakh, 15 per cent for Rs 9 lakh to 12 lakh, 20 per cent for Rs 12 to Rs 15 lakh and 30 per cent for income above Rs 15 lakh . It is obvious that compared to today’s budget of 1992, the exemption for tax at that time was very less.

Budget 2023: Middle class woes memes flock the social media platforms

Budget 2023: No tax on income up to Rs 7 lakh, revised tax slabs for new regime

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Amit Shah tells Rajya Sabha India close to getting indigenous anti-drone solution

“Around 40,000 government jobs have been provided in Jammu and Kashmir between 2019 and 2024, and 1.51 lakh self-employment opportunities have been created. Skilling clubs are also operational to empower the youth,” Shah added.

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Union Home Minister Amit Shah announced on Friday that India is on the verge of developing a complete indigenous anti-drone solution, which is expected to be operational within six months.

Speaking during a debate in the Rajya Sabha, Shah highlighted the government’s efforts to bolster national security through advanced technology and innovation.

“We are very close to achieving a complete anti-drone solution. We have conducted six successful experiments, and I am hopeful that within six months, we will have an indigenous anti-drone system, a true symbol of Make in India,” Shah said.

The Home Minister also emphasized the use of drones and modern technology in combating illegal activities, such as poppy cultivation. “We have utilized drones, satellites, and advanced technology to destroy opium cultivation. In the last five years, we have destroyed and disposed of 23,000 kg of synthetic drugs worth over ₹14,000 crore,” he stated.

Shah reiterated the government’s commitment to curbing drug trafficking, noting that drugs often enter India from Afghanistan and are routed through Gujarat to Sri Lanka. “We have pledged that no drugs will be allowed to enter or exit India. The money earned from the drug trade is often used to fund terrorism, and we will spare no one involved in such activities,” he asserted.

Zero tolerance for Terrorism and Naxalism

Addressing the issue of Naxalism, Shah declared that the government has a zero-tolerance policy towards terrorism and left-wing extremism. He expressed confidence that Naxalism would be eradicated in India by March 2026.

“By March 21, 2026, Naxalism will end in this country. The Modi government has taken decisive steps to address this challenge, which previous governments neglected,” Shah said.

He also highlighted the significant reduction in terrorism-related incidents in Jammu and Kashmir since the abrogation of Article 370 in August 2019. “Article 370 was the root cause of separatism in Kashmir. The architects of our Constitution had envisioned a unified India, and the Modi government fulfilled this dream by abrogating Article 370,” Shah stated.

The Home Minister noted that the move has led to a 70% reduction in deaths due to terrorism in Jammu and Kashmir, with zero incidents of stone-pelting reported in the valley. He also emphasized the establishment of grassroots democracy in the region through successful local body elections.

“Around 40,000 government jobs have been provided in Jammu and Kashmir between 2019 and 2024, and 1.51 lakh self-employment opportunities have been created. Skilling clubs are also operational to empower the youth,” Shah added.

Progress in the Northeast

Shah also spoke about the significant progress made in the Northeast, describing the region as largely peaceful under the Modi government. “Since 2019, we have signed 19 peace accords, and around 10,000 militants have surrendered. A new era of development has been ushered in, bringing stability and growth to the region,” he said.

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Supreme Court terms Delhi HC judge Yashwant Varma transfer to Allahabad HC misinformation, unrelated to in-house investigation

Once reviewed, the Supreme Court vowed to take “further and necessary” steps, hinting at a meticulous follow-up process.

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The Supreme Court moved swiftly on Friday to dispel what it termed “misinformation and rumours” swirling around an alleged discovery of a large cash stash at the official residence of Delhi High Court judge Justice Yashwant Varma following a fire.

In a statement, the apex court clarified that the proposed transfer of Justice Varma to the Allahabad High Court was unrelated to an ongoing in-house enquiry, seeking to quash speculation that had gripped legal and political circles.

The court revealed that Delhi High Court Chief Justice D.K. Upadhyaya had initiated an internal probe prior to the Supreme Court Collegium’s meeting on 20 March. This enquiry, aimed at gathering evidence and facts, was triggered after reports of the incident surfaced.

“The Chief Justice has been diligently collecting information, and a report will be submitted to Chief Justice of India Sanjiv Khanna today,” the statement noted. Once reviewed, the Supreme Court vowed to take “further and necessary” steps, hinting at a meticulous follow-up process.

The controversy erupted after a fire broke out at Justice Varma’s Lutyens Delhi residence late on 14 March. Delhi Fire Services Chief Atul Garg, speaking to PTI, provided a detailed account that contradicted the cash haul narrative.

“We received a call at 11.35 p.m. about a blaze, and two fire tenders were dispatched immediately,” Garg said. Arriving at 11.43 p.m., firefighters found flames confined to a storeroom filled with stationery and household items. “It took 15 minutes to extinguish the fire—no injuries were reported,” he added.

Garg was unequivocal about the absence of cash. “Our team found no money during the operation. After putting out the fire, we alerted the police and left the scene,” he stated, debunking claims that firefighters had stumbled upon a fortune.

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Ruckus in Karnataka Assembly: 18 BJP MLAs suspended for six months amid honeytrap showdown

Parameshwara echoed this, noting Rajanna’s intent to lodge a complaint, though it was yet to materialise. “I’ve committed to a high-level investigation and will consult the CM on its nature,” he said.

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The Karnataka Legislative Assembly was thrown into disarray on Friday as at least 18 BJP MLAs faced suspension for allegedly causing a ruckus. The opposition lawmakers demanded a judicial inquiry by a sitting High Court judge into claims of a “honey-trap” scheme targeting a minister and other politicians. The uproar saw marshals escorting the suspended BJP members out of the chamber, as tensions flared over the explosive allegations.

The drama erupted shortly after the session began, with BJP and Janata Dal (Secular) MLAs storming the well of the House, brandishing CDs and chanting slogans. Their protest persisted despite assurances from Chief Minister Siddaramaiah of a high-level investigation.

The opposition’s ire stemmed from Cooperation Minister KH Rajanna’s revelation on Thursday that he had been targeted in a honey-trap attempt, claiming 48 politicians across party lines had faced similar ploys. BJP leaders, unimpressed by the government’s response, insisted on a judicial probe, arguing the case’s gravity warranted impartial oversight.

Siddaramaiah sought to quell the unrest, telling the Assembly, “Home Minister G Parameshwara has promised a thorough probe. Let Rajanna file a formal complaint, and we’ll ensure protection for all members—Congress, BJP, or JD(S). No lawbreaker will be spared, regardless of status.”

He stressed the government’s duty to safeguard citizens, adding, “We’ll discuss the probe’s scope and act decisively.” Parameshwara echoed this, noting Rajanna’s intent to lodge a complaint, though it was yet to materialise. “I’ve committed to a high-level investigation and will consult the CM on its nature,” he said.

But the opposition, led by R Ashok, remained unconvinced. “What’s the intelligence wing doing under the CM’s watch? If ministers aren’t safe, who is? This demands a sitting judge’s inquiry,” Ashok thundered, pointing to Rajanna’s claims of widespread political targeting. BJP MLA Sunil Kumar had earlier set the tone, questioning the cabinet’s integrity. “A minister alleging a honey-trap in the House—what does that say about governance? Where’s the morality?” he demanded, urging clarity on the probe and protection for legislators.

Congress leaders, meanwhile, defended the suspensions, accusing the opposition of disrespecting the House by tearing papers and disrupting proceedings. Minister Priyank Kharge fired back, alleging similar scandals under the previous BJP regime went unaddressed. “They secured court stays then—why the outrage now?” he retorted, sparking a fiery clash between the benches.

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