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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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BJP says Sonia Gandhi linked to group financed by George Soros foundation

The BJP also asserted that Salil Shetty, the Vice President of the Soros-funded Open Society Foundation, participated in the Bharat Jodo Yatra.

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BJP says Sonia Gandhi linked to group financed by George Soros foundation

The BJP claimed that the former Congress President Sonia Gandhi has links to an organisation financed by the George Soros Foundation which supported the idea of Kashmir as an independent nation.

Taking to social media platform X, the BJP said that Sonia Gandhi, as the Co-President of the FDL-AP Foundation, is linked to an organisation financed by the George Soros Foundation. It noted that the FDL-AP Foundation has expressed their views that treat Kashmir as a separate entity.

The party said that this association between Sonia Gandhi and an organisation that has backed the idea of Kashmir as an independent nation expresses the influence of foreign entities on India’s internal affairs and the political impact of such connections.

It also alleged that the former Congress President’s chairmanship of the Rajiv Gandhi Foundation led to a partnership with the George Soros Foundation, displaying the influence of foreign funding on Indian organisations.

The BJP also asserted that Salil Shetty, the Vice President of the Soros-funded Open Society Foundation, participated in the Bharat Jodo Yatra. He can be seen with none other than Rahul Gandhi, former President of the Congress, the BJP continued.

The party alleged that Rahul Gandhi’s press conference on Adani was live telecast by George Soros-funded OCCRP, which Gandhi used as a source to criticise Adani. This shows nothing but their strong and dangerous relationship and highlights their attempts to derail the Indian economy, the social media post added. The BJP also pointed out that Congress MP Shashi Tharoor has publicly acknowledged George Soros as an old friend.

Furthermore, BJP MP Nishikant Dubey in a post on X alleged that Organised Crime and Corruption Reporting Project (OCCRP) and Hungarian-American businessman George Soros have colluded with the opposition to ruin India’s economy and defame the Modi government.

Meanwhile on Saturday, the US denied BJP’s allegations that organisations funded by its State Department and elements in the American deep state were behind attempts to destabilise India through targeted attacks on Prime Minister Narendra Modi and business tycoon Gautam Adani.

An US embassy spokesperson described the allegations as disappointing, asserting that the US government has been a champion of media freedom around the world.

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Delhi Elections: 99% residents support government’s welfare schemes, says AAP

the AAP claimed that 99 per cent of residents support the continuation of these benefits, which they say have significantly improved their quality of life and reduced household expenses.

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Delhi Elections: 99% residents support government’s welfare schemes, says AAP

Ahead of the Delhi Elections, the Aam Aadmi Party (AAP) has claimed that 99 per cent of Delhi residents support its welfare schemes like free electricity, water subsidies, and complimentary bus rides for women among others. The party has intensified its Revdi Par Charcha campaign to mobilise grassroots volunteers before the elections scheduled to be held in February next year. The ruling AAP is eyeing a third consecutive term in Delhi.

The campaign involves hosting 2,000 public meetings daily across the national capital to gather feedback on the party’s welfare schemes and ascertain greater public engagement. The party claimed that the Delhi residents have expressed overwhelming satisfaction with the AAP’s welfare programmes, including free electricity, water, education, healthcare, bus travel for women, and pilgrimage trips for senior citizens.

In a statement, the AAP claimed that 99 per cent of residents support the continuation of these benefits, which they say have significantly improved their quality of life and reduced household expenses. The statement added that the party national convenor Arvind Kejriwal has pledged to incorporate the feedback from these meetings into future policies, hoping to strengthen its welfare model, which has been the cornerstone of its governance over the last decade.

It further mentioned that residents attending the Revdi Par Charcha meetings have shared stories of how these schemes have helped them save between Rs 6,000 and Rs 8,000 monthly. It underlined that for families earning between Rs 8,000 to Rs 10,000, these savings have been transformative as they have effectively increased their disposable income.

The statement noted that the AAP has recently announced a new scheme: a monthly allowance of Rs 1,000 for every woman aged 18 and above, a step toward women’s empowerment. The scheme aims to support the daily expenses and remove barriers to education for young girls.

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Congress demands Parliament debate on full gamut of India-China ties

Jairam Ramesh, Congress general secretary in-charge communications said that a discussion in Parliament on India-China relationship should focus on both strategic and economic policy,

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Congress demands Parliament debate on full gamut of India-China ties

The Congress on Sunday questioned whether the Modi government has agreed to a new normal over the old normal prevailing before April 2020. The party also demanded that Parliament must be given an opportunity to debate the full gamut of the relationship between the two countries.

Jairam Ramesh, Congress general secretary in-charge communications said that a discussion in Parliament on India-China relationship should focus on both strategic and economic policy, particularly since our dependence on China has increased economically, even as it unilaterally changed the status quo on our borders over four years back.

Jairam Ramesh said the Congress has studied the recent suo motu statement made by External Affairs Minister S Jaishankar in both Houses of Parliament titled, Recent Developments in India’s Relations with China. He added that it is unfortunate, but typical of the Modi government, that MPs were not permitted to seek any clarifications.

He said that the Congress has four pointed questions on the statement issued by the Centre while fully appreciating the sensitive nature of many aspects of India-China border relations. He further noted that the statement claims that the House is well aware of the circumstances leading up to the violent clashes in Galwan Valley in June 2020, and pointed out that it is an unfortunate reminder that the very first official communication to the nation on this crisis came on June 19, 2020 when the PM provided a clean chit publicly to China and falsely stated none have entered the country.

Questioning what prompted PM Modi to make the assertion, the Senior Congress leader said that the statement was not only an insult to the fallen soldiers but it also weakened India’s position in subsequent negotiations. 

He continued that on October 22, 2024 Chief of Army Staff General Upendra Dwivedi restated India’s longstanding position, mentioning that as far as they are concerned, they want to go back to the status quo of April 2020, thereafter they will be looking at disengagement, de-escalation and normal management of the LAC.

He further pointed out, nonetheless, the Ministry of External Affairs statement following the 32nd meeting of the Working Mechanism for Consultation & Coordination on India-China Border Affairs (WMCC) on 5 December 2024 stated that the two sides positively affirmed the implementation of the most recent disengagement agreement which completed the resolution of the issues that emerged in 2020.

He asked if this does not reveal a shift in our official position. He stated that the Ministry of External Affairs’s statement in Parliament stated that in a few other places where friction occurred in 2020, steps of a temporary and limited nature were worked out, based on local conditions, to obviate the possibility of further friction. He claimed that this clearly refers to so-called buffer zones to which the Indian troops and livestock herders are denied access that they previously had.

He underlined that these statements taken together suggest that the MEA is accepting a settlement that does not return the LAC to the April 2020 status quo as desired by the Army and the nation. He asked if it is not clear now that the Modi government has agreed to a new status quo and agreed to live with the new normal after the old normal prevailing prior to April 2020 was unilaterally disturbed by China?

He also questioned why the Chinese government has yet to corroborate any details about the disengagement in Depsang and Demchok. He further asked whether traditional grazing rights for Indian livestock herders had been restored, will there be unfettered access to our traditional patrolling points, and if the buffer zones ceded during previous negotiations have been taken back by India?.

He said that the Congress reiterates the demand it has been making for the past few years–that Parliament must, to reflect a collective national resolve, be given an opportunity to debate the full gamut of the India-China relationship. He stressed that the discussion should focus on both strategic and economic policy, especially since the country’s dependence on China has increased economically, even as it unilaterally changed the status quo on our borders over four years back.

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