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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

India News

Lt Gen Dhiraj Seth appointed next Army chief, to take charge on June 30

The government has appointed Lt Gen Dhiraj Seth, currently the Vice Chief of Army Staff, as the next Army chief. He will succeed General Upendra Dwivedi on June 30.

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The Centre has appointed Lieutenant General Dhiraj Seth as the next Chief of the Army Staff (COAS), paving the way for a leadership transition in the Indian Army later this month. Lt Gen Seth, who currently serves as the Vice Chief of the Army Staff, will succeed General Upendra Dwivedi upon the latter’s retirement on June 30, 2026.

The appointment was announced on Saturday, with the government confirming that Lt Gen Seth will assume office from the afternoon of June 30. He will take over command after General Dwivedi completes his tenure as the Army’s 30th chief.

Veteran Armoured Corps officer

An officer of the Armoured Corps, Lt Gen Seth was commissioned into the Indian Army in December 1986 after graduating from the National Defence Academy. Over nearly four decades of service, he has held a range of operational, command, staff and strategic appointments across the Army.

Before becoming Vice Chief on April 1, 2026, he served in several senior leadership roles, including heading the Southern Command and South Western Command. He has also commanded formations such as the Delhi Area and the XXI Corps during his military career.

Leadership transition in the Army

Lt Gen Seth’s elevation comes as the Army prepares for a change of command at the highest level. His appointment follows his move to Army Headquarters as Vice Chief earlier this year, a role he assumed on April 1.

The Ministry of Defence said the incoming Army chief brings extensive experience from command, operational and strategic assignments across diverse military domains.

With the appointment, Lt Gen Seth is set to lead the Indian Army through the next phase of its modernisation and operational preparedness efforts after taking charge at the end of the month.

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India News

IAF AN-32 aircraft crashes while landing at Assam’s Jorhat airbase, five personnel killed

Five Indian Air Force personnel were killed after an AN-32 transport aircraft crashed while landing at Jorhat Air Force Station in Assam. The IAF has ordered a court of inquiry into the accident.

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An Indian Air Force (IAF) AN-32 transport aircraft crashed while attempting to land at Jorhat Air Force Station in Assam on Saturday, resulting in the deaths of five Air Force personnel. The accident occurred during a routine sortie and triggered an emergency response at the airbase.

According to the IAF, the aircraft met with the accident during the landing phase at Jorhat. The force later confirmed the loss of five personnel and expressed condolences to their families. A court of inquiry has been ordered to determine the circumstances that led to the crash.

Court of inquiry ordered

The Indian Air Force said a formal investigation will examine the cause of the accident. Officials have not yet disclosed what may have led to the crash, and the inquiry is expected to review technical, operational and environmental factors.

Reports indicated that the co-pilot survived the accident and is undergoing medical treatment.

Personnel who lost their lives

The IAF identified the five personnel killed in the accident as:

  • Squadron Leader Prashant Singh
  • Flight Lieutenant Shubham Kumar
  • Sergeant Jitendra Sharma
  • Agniveervayu Khemaram Kumawat
  • Agniveervayu Danish Alam

The Air Force said it stands with the bereaved families during this difficult time.

AN-32’s role in the Air Force

The AN-32 is a twin-engine transport aircraft that has been a key part of the Indian Air Force’s logistics operations for decades. It is widely used to transport personnel, equipment and supplies, particularly in remote and high-altitude regions. India remains one of the largest operators of the aircraft type.

The crash comes months after a Sukhoi Su-30MKI fighter aircraft accident in Assam that claimed the lives of two IAF pilots.

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India News

Delhi records coolest day of June so far as rain and thunderstorms bring relief from heat

Delhi recorded its coolest day of June after rain and thunderstorms caused a sharp drop in temperatures. IMD has forecast more showers and gusty winds before temperatures begin rising again.

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Delhi weather today

Delhi witnessed its coolest day of June so far after widespread rain and thunderstorm activity caused temperatures to drop significantly across the national capital. The change in weather provided much-needed relief from the intense summer heat that had gripped the region in recent weeks.

According to the India Meteorological Department (IMD), rain and thunderstorms over the past 24 hours brought a noticeable decline in both maximum and minimum temperatures. Official weather observations showed that Delhi’s maximum temperatures fell well below normal levels, while several areas experienced strong winds and rainfall.

More rain and thunderstorms likely

The IMD has forecast additional thunderstorms, light to moderate rain and gusty winds for Delhi and nearby areas through Saturday. A yellow alert remains in place, with weather conditions expected to stay unsettled before gradually improving.

Weather experts have attributed the recent change to the influence of a western disturbance and associated weather systems affecting northwestern India. While the disturbance is gradually moving away, its impact is expected to continue for a short period.

Temperatures may rise again next week

Meteorologists expect the pleasant conditions to last for another couple of days. After that, temperatures are likely to begin rising again as rainfall activity decreases. The IMD’s latest forecast also indicates a gradual increase in temperatures by the middle of next week.

Recent weather systems have brought relief not only to Delhi but also to parts of Uttar Pradesh, Rajasthan and other northern states, where thunderstorms and rain have helped ease heatwave conditions.

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