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Budget 2023: No tax on income up to Rs 7 lakh, revised tax slabs for new regime
The highest surcharge rate has also been reduced from 37 percent to 25 percent in the new tax regime.

In a major announcement, Finance Minister Nirmala Sitharaman has proposed to increase the tax rebate from Rs 5 lakh per annum to Rs 7 lakh per annum under the new tax regime. This means that individuals earning up to Rs 7 lakh are exempt from paying tax.
Standard Deduction under New Tax Regime for individuals with income up to Rs 15 lakh will be Rs 52,400, says FM Sitharaman. The highest surcharge rate has also been reduced from 37 percent to 25 percent in the new tax regime.
Sitharaman, who presented the last full budget of the BJP-led government before the next parliamentary elections in 2024, said the new tax regime will be a default tax regime and citizens will continue to reap the benefits of the old regime.
Read Also: Budget 2023: Defence budget hiked by 12.95 percent to Rs 5.94 lakh crore
Revised tax slabs under the new tax regime:
- Income up to Rs 3 lakh: Nil
- Income above Rs 3 lakh and up to Rs 6 lakh will be taxed at 5 percent.
- Income above Rs 6 lakh and up to Rs 9 lakh will be taxed at 10 percent.
- Income more than Rs 12 lakh and up to Rs 15 lakh will be taxed at 20 percent.
- Income over Rs 15 lakh will be taxed at 30 percent.
The finance minister also proposed to hike tax exemption on leave encashment on the retirement of non-government salaried employees to Rs 25 lakh from Rs 3 lakh.
Income tax budget highlights
- An individual with an annual income of Rs 9 lakh will be required to pay only Rs 45,000. This is only 5 percent of his or her income. It is a reduction of 25 percent on what he or she is required to pay now, ie, Rs 60,000.
- Similarly, an individual with an income of Rs 15 lakh would be required to pay only Rs 1.5 lakh or 10 percent of his or her income, a reduction of 20 percent from the existing liability of Rs 1,87,500.
- Each salaried person with an income of Rs 15.5 lakh or more will thus stand to benefit by Rs 52,500.
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India News
Padma Awards 2023: From Raveena Tandon to Suman Kalyanpur to Mulayam Singh Yadav, check full list here
This year, President Droupadi Murmu will honour 106 Padma Award recipients out of which 9 are Padma Bhushan awardees, 6 are Padma Vibhushan, and 91 are Padma Shri.

Padma Awards 2023 is being conferred at a Civil Investiture Ceremony at Rashtrapati Bhavan today. This year, President Droupadi Murmu will honour 106 Padma Award recipients out of which 9 are Padma Bhushan awardees, 6 are Padma Vibhushan, and 91 are Padma Shri.
Out of 106, seven are posthumous awardees and nine of the awardees are women.
Padma Awards 2023: Check the full list here
Padma Shri awardees
Name | Field | State/Country |
Dr. Sukama Acharya | Others- Spiritualism | Haryana |
2. Ms. Jodhaiyabai Baiga | Art | Madhya Pradesh |
3. Shri Premjit Baria | Art | Dadra and Nagar Haveli |
4. Ms Usha Barle | Art | Chhatisgarh |
5. Shri Munishwar Chanddawar | Medicine | Madhya Pradesh |
6. Shri Hemant Chauhan | Art | Gujarat |
7. Shri Bhanubhai Chitara | Art | Gujarat |
8. Ms Hemoprova Chutia | Art | Assam |
9. Shri Narendra Chandra Debbarma | Public Affairs | Tripura |
10. Ms Subhadra Devi | Art | Bihar |
11. Shri Khadar Valli Dudekula | Science & Engineering | Karnataka |
12. Shri Hem Chandra Goswami | Art | Assam |
13. Ms. Pritikana Goswami | Art | West Bengal |
14. Shri Radha Charan Gupta | Literature & Education | Uttar Pradesh |
15. Shri Modadugu Vijay Gupta | Science & Engineering | Telangana |
16. Shri Ahmed Hussain & Shri Mohd Hussain | Art | Rajasthan |
17. Shri Dilshad Hussain | Art | Uttar Pradesh |
18. Shri Bhiku Ramji Idate | Social Work | Maharashtra |
19. Shri C I Issac | Literature & Education | Kerala |
20. Shri Rattan Singh Jaggi | Literature & Education | Punjab |
21. Shri Bikram Bahadur Jamatia | Social Work | Tripura |
22. Shri Ramkuiwangbe Jene | Social Work | Assam |
23. Shri Rakesh Radheshyam Jhunjhunwala (Posthumous) | Trade & Industry | Maharashtra |
24. Shri Mahipat Kavi | Art | Gujarat |
25. Shri Ratan Chandra Kar | Medicine | Andaman & Nicobar Islands |
26. Shri Mahipat Kavi | Art | Gujarat |
27. Shri M M Keeravaani | Art | Andhra Pradesh |
28. Shri Areez Khambatta (Posthumous) | Trade & Industry | Gujarat |
29. Shri Parshuram Komaji Khune | Art | Maharashtra |
30. Shri Ganesh Nagappa Krishnarajanagara | Science & Engineering | Andhra Pradesh |
31. Shri Maguni Charan Kuanr | Art | Odisha |
32. Shri Anand Kumar | Literature & Education | Bihar |
33. Shri Arvind Kumar | Science & Engineering | Uttar Pradesh |
34. Shri Domar Singh Kunvar | Art | Chhatisgarh |
35. Shri Risingbor Kurkaland | Art | Meghalaya |
36. Ms Hirabai Lobi | Social Work | Gujarat |
37. Shri Moolchand Lodha | Social Work | Rajasthan |
38. MS Rani Machaiah | Art | Karnataka |
39. Shri Ajay Kumar Mandavi | Art | Chhatisgarh |
40. Shri Prabhakar Bhanudas Mande | Literature | Maharashtra |
41. Shri Gajanan Jagannath Mane | Social Work | Maharashtra |
42. Shri Antaryami Mishra | Literature & Education | Odisha |
43. Shri Nadoja Pindipapanahalli Munivenkatappa | Art | Karnataka |
44. Prof(Dr.) Mahendra Pal | Science & Engineering | Gujarat |
45. Shri Uma Shankar Pandey | Science & Engineering | Gujarat |
46. Shri Ramesh Parmar & Ms. Shanti Parmar | Art | Madhya Pradesh |
47. Dr. Nalini Parthasarathi | Medicine | Puducherry |
48. Shri Hanumantha Rao Pasupuleti | Medicine | Telangana |
49. Shri Ramesh Patange | Literature & Education | Maharashtra |
50. Ms Krishna Patel | Art | Odisha |
51. Shri K Kalyanasundaram Pillai | Art | Tamil Nadu |
52. Shri V P Appukuttan Poduval | Social Work | Kerala |
53. Shri Kapil Dev Prasad | Art | Bihar |
54. Shri S R D Prasad | Sports | Kerala |
55. Shri Shah Rasheed Ahmed Quadri | Art | Karnataka |
56. Shri C V Raju | Art | Andhra Pradesh |
57. Shri Bakshi Ram | Science & Engineering | Haryana |
58. Shri Cheruvayal K Raman | Others | Kerala |
59. Ms Sujatha Ramdorai | Science & Engineering | Canada |
60. Shri Pareshbhai Rathwa | Art | Gujarat |
61. Shri B Ramakrishna Reddy | Literature & Education | Telangana |
62. Shri Mangala Kanti Roy | Art | West Bengal |
63. Ms K C Runremsangi | Art | Mizoram |
64. Shri Vadivel Gopal & Shri Masi | Social Work | Tamil Nadu |
65. Shri Manoranjan Sahu | Medicine | UP |
66. Shri Patayat Sahu | Others | Odisha |
67. Shri Ritwik Sanyal | Art | UP |
68. Shri Kota S S | Art | Andhra Pradesh |
69. Shri Sankurathri Chandra Sekhar | Social Work | Andhra Pradesh |
70. Shri K Shanathoiba Sharma | Sports | Manipur |
71. Shri Nekram Sharma | Others | Himachal Pradesh |
72. Shri Gurcharan Singh | Sports | Delhi |
73. Shri Laxman Singh | Social Work | Rajasthan |
74. Shri Mohan Singh | Literature | J & K |
75. Shri T C Singh | Public Affairs | Manipur |
76. Shri P C Sood | Literature | Andhra Pradesh |
77. Ms Neihunuo Sorhie | Art | Nagaland |
78. Janum Singh Soy | Literature | Jharkhand |
79. Shri Kushok Thiksey Nawang Chamba Stanzin | Others | Ladakh |
80. Shri S Subraman | Others | Karnataka |
81. Shri Moa Subong | Art | Nagaland |
82. Shri P K Sundaram | Social Work | Tamil Nadu |
83. Ms Raveena Ravi Tandon | Art | Maharashtra |
84. Shri V P Tiwari | Literature | UP |
85. Shri Dhaniram Toto | Literature | WB |
86. Shri T R Upreti | Others | Sikkim |
87. Dr Gopalsamy Veluchamy | Medicine | Tamil Nadu |
88. Dr Ishwar Chander Verma | Medicine | Delhi |
89. Ms Coomi Nariman Wadia | Art | Maharashtra |
90. Shri Karma Wangchu (Posthumous) | Social Work | Arunachal Pradesh |
91. Shri G M Zaz | Art | Jammu & Kashmir |
Padma Bhushan awardees
Name | Field | State/Country |
1. Shri S L Bhyrappa | Literature & Education | Karnataka |
2. Shri Kumar Mangalam Birla | Trade & Industry | Maharashtra |
3. Shri Deepak Dhar | Science & Engineering | Maharashtra |
4. Ms Vani Jairam | Art | Tamil Nadu |
5. Swami Chinna Jeeyar | Others-Spiritualism | Telangana |
6. Ms Suman Kalyanpur | Art | Maharashtra |
7. Shri Kapil Kapoor | Literature & Education | Delhi |
8. Ms Sudha Murty | Social Work | Karnataka |
9. Shri Kamlesh D Patel | Others- Spiritualism |
Padma Vibhushan awardees
Name | Field | State/Country |
1. Shri Balkrishna Doshi (Posthumous) | Others | Gujarat |
2. Shri Dilip Mahalanabis (Posthumous) | Medicine | West Bengal |
3. Mulayam Singh Yadav(Posthumous) | Public Affairs | Uttar Pradesh |
4. Shri Zakir Hussain | Art | Maharashtra |
5. Shri S M Krishna | Public Affairs | Karnataka |
6. Shri Srinivas Varadhan | Science & Engineering | USA |
Latest Politics News
Shiromani Akali Dal offers legal assistance to those arrested during Amritpal Singh clampdown
Recently the Akali Dal Chief also put out a series of tweets that stressed on the unity and integrity of India and further condemned the divisive outfits for polarising the communal harmony in Punjab.

Day after Akali Dal chief Sukhbir Singh Badal slammed the AAP government over the law and order situation by dubbed the hunt of pro-Khalistani leader Amritpal Singh and his aids as a conspiracy to defame the Sikh community for communal polarisation and electoral benefits. Akali Dal on Wednesday swung in to offer legal assistance to those arrested during the clampdown.
As per the reports, Sukhbir Singh Badal took to Twitter for the second consecutive day to talk about the Amritpal Singh crackdown and wrote that his party has agreed to offer complete legal assistance to all Sikh youth arrested in the ongoing extra-constitutional crackdown in Punjab.
The tweet by Badal also read that they are offering legal aid in order to safeguard the rights of the youth from being violated by the AAP Government in Punjab. The tweet also put out the contacts of the legal aid that the families of the arrested can approach to access.
Read Also: 7 dead as massive blaze engulfs firecracker unit in Tamil Nadu’s Kanchipuram
Recently the Akali Dal Chief also put out a series of tweets that stressed on the unity and integrity of India and further condemned the divisive outfits for polarising the communal harmony in Punjab. The tweet also read that the Sikh community has always been at the forefront of making sacrifices for the nation.
In another tweet, Badal wrote and claimed that attempts are being made to malign the Sikh community for electoral benefits. He further wrote and affirmed to the Punjabi community that Akali Dal will fight for every community including all minorities. Another tweet also slammed the arrest of the innocent youth and dubbed it to be a bid done under the garb of the crackdown of Amritpal Singh.
He further urged the authorities to stop the arrest to clear the Punjabis from feeling insecure in the state. As per the reports, so far the Punjab Police have arrested more that 100 associates of Amritpal Singh and held them for questioning. The prime accused Amritpal Singh, who spoke in favour of Khalitan, continues to be at large as the man hunt continues.
India became Hindu Rashtra after partition, says BJP general secretary Kailash Vijayvargiya | WATCH
Assam man buys dream scooter with sack of coins he saved for 6 years | WATCH
India News
India became Hindu Rashtra after partition, says BJP general secretary Kailash Vijayvargiya | WATCH

BJP general secretary Kailash Vijayvargiya, Tuesday, courted controversy with his remarks saying that India became a “Hindu Rashtra” or Hindu nation after the country’s partition which he said was done along religious lines and led to the formation of Pakistan in 1947.
Speaking to reporters in Indore, Vijayvargiya said that India was partitioned on religious lines after the independence, Pakistan was formed and what remained of the country is a ‘Hindu Rashtra.’
The senior BJP leader claimed that he has a Muslim friend from Bhopal who visits a Shiva temple everyday and also recites Hanuman Chalisa. He claimed that his Muslim friend was inspired to worship Lord Hanuman and Lord Shiva after knowing about the history of his family as his ancestors were Rajputs of Rajasthan.
He said some of his friend’s relatives are still Hindu Rajputs living in Rajasthan and Uttar Pradesh. However, Vijayvargiya did not reveal his mystery Muslim friend’s identity.
The saffron party leader claimed like his Muslim friend, there are many such people who feel their ancestors once recited the Hanuman Chalisa and he was mulling to form a “Hanuman Chalisa Club” to wean youths away from drugs.
Vijayvargiya also commented on the recent surge in separatist activities in Punjab, saying that Centre and the state government were working together to deal with the problem and their efforts will yield good results.
The senior politician who is also a former state cabinet minister is not new to controversies. In June last year, Kailash Vijayvargiya was criticized for his remarks on Agniveers.
The BJP leader reportedly said that he would give priority to Agnipath recruits for security jobs at his BJP office but retracted his comments later by issuing a clarification later, saying he only meant that the excellence of Agniveers will be utilised in whichever field they choose after completing service in the defence forces.
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