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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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Lok Sabha elections: Priyanka Gandhi questions Centre on inflation, unemployment, farmers income under Congress media campaign

She questioned about no participation of Dalits, backward classes, tribals, minorities and poor upper castes in the posts and resources of the country.

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Congress leader Priyanka Gandhi Vadra questioned the BJP led government at the Centre on several developmental issues under the party’s media campaign for Lok Sabha elections, Mere Vikas ka Do Hisaab.

Priyanka Gandhi asked the BJP government to give it an account of development during its tenure of 10 years. Slamming the government on youth issues, the congress leader questioned why 83 per cent of the total unemployed in the country are youth and where are the 2 crore jobs annually? She further asked about vacancy in 30 lakh government posts and exam paper being leaked.

Alleging that corporates Rs 16 lakh crore has been waived off, Priyanka Gandhi asked why are farmers committing suicide due to debt. She also asked when will the farmers’ income double and when will they get MSP? She also enquired about no proper participation of Dalits, backward classes, tribals, minorities and poor upper castes in the posts and resources of the country.

The Congress General Secretary also raised questions on the increasing number of atrocities on women. Her remarks on social media  platform, X came on a day Congress ran a media campaign with the tagline ‘Mere Vikas Ka Do Hisaab’ and ‘Haath badlega halaat’, posing questions to the Modi government.

Earlier, Congress Parliamentary Chairperson Sonia Gandhi alleged that Prime Minister Narendra Modi is making a systematic effort to cripple the Congress financially and deny a level playing field in the Lok Sabha election. The Income Tax Department reportedly restricted the operations of the bank accounts following a tax dispute.

Meanwhile, the Income Tax Department asserted that it has not frozen the party’s bank account, but has made a recovery of Rs 135 crore because of its violation of the law that grants political parties tax exemptions. It added that the party is free to operate these accounts beyond the money recovered by the department.

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Punjab Chief Minister Bhagwant Mann, wife Gurpreet Kaur blessed with a baby girl

Mann is the first chief minister in the history of re-organised Punjab to become a father while in office. He is 51 years old.

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Punjab Chief Minister Bhaghwant Mann and his wife Gurpreet Kaur were blessed with a baby girl on Thursday. Mann took to X and posted that the Almighty has given him the gift of a daughter. He said both the mother and the girl are healthy. According to reports the baby was delivered at Fortis hospital Mohali.

Mann is the first chief minister in the history of re-organised Punjab to become a father while in office. He is 51 years old. He has 2 children with his ex-wife, who is now settled in Canada with the 2 children.  

Mann also shared the picture of his daughter in another post. Mann had married Kaur in 2022 after he separated from his first wife in 2015. His wedding was held at his residence in Chandigarh and was attended by select guests like Aam Aadmi Party supremo Arvind Kejriwal, MP Raghav Chadha.

The Punjab chief minister’s family members including his mother and his sister were also part of the wedding, which was carried out according to Sikh rituals. Comedian turned politician Bhagwant Mann became an MP from Sangrur for the first time when he won the 2014 Lok Sabha election on Aam Aadmi Party ticket.

His first wife Inderjit Kaur also campaigned for him during the elections. Before the Punjab assembly election the Aam Aadmi Party declared him as his CM face for Punjab. He won the elections with a thumping victory. Bhagwant Mann is the 17th chief minister of Punjab. Mann’s 2nd wife Gurpreet Kaur, born in 1993, is a doctor by profession and studied MBBS in Ambala. She hails from Pehowa town in Kurukshetra district. According to reports Gurpreet Kaur’s family and Mann’s family have known each other for a long time.

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Dera chief of Uttarakhand’s Nanakmatta Sahib Gurdwara shot dead within premises

Baba Tarsem Singh was hurried to a hospital in Khatima where he died during treatment.

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Dera chief of the Nanakmatta Sahib Gurudwara in Uttarakhand was shot dead within the premises of the shrine by two bike-borne assailants on Thursday. A CCTV footage showed the brutal killing of the dera chief of the Nanakmatta Sahib Gurdwara.

The footage shared by news agency PTI shows the dera chief sitting on a chair at around 6:30 am in the premises when two bike-borne assailants arrived and fired at him. Udham Singh Nagar, SSP, Manju Nath asserted that Baba Tarsem Singh was hurried to a hospital in Khatima where he died during treatment.

Notably, the Nanakmatta Sahib Gurdwara is a revered Sikh shrine situated on the Rudrapur-Tanakpur route in Udham Singh Nagar district of the state. Reportedly, the Uttarakhand Police has formed a special investigation team (SIT) to investigate the chilling murder. 

Furthermore, additional police personnel have been deployed in the Nanakmatta area of Udham Singh Nagar district to ensure peace. The police have also appealed to the Sikh community to maintain peace. The Police officials have also contacted central agencies to share useful input, and a massive search operation is underway to nab the culprits.

Uttarakhand Director General of Police (DGP) Abhinav Kumar said that they received information around 7 am on Thursday that between 6:15-6:30 am, two masked assailants entered Nanakmatta Gurdwara and shot Kar Seva Pramukh Baba Tarsem Singh. He added that the Dera chief was rushed to the hospital in Khatima, where he succumbed to his injuries.

The DGP mentioned that this is a very serious matter and that senior officials have reached the spot. He affirmed that DIG Kumaon will inspect the scene of the crime and speak to the locals. Furthermore, he will try to assess the situation there. Abhinav Kumar also mentioned that for investigation of the incident, Police Headquarters has formed an SIT, which will comprise officials of STF and local Police.

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