Budget 2023

NPS Tax Benefits As Per The New Tax Regime And Old Tax Regime

Following the Budget 2023, there has been some confusion regarding the tax benefits of the National Pension System (NPS) under both the new tax regime and the old tax regime. This is largely due to the government’s emphasis on promoting the new tax regime over the old one. To clear up this confusion, let’s take a closer look at the NPS tax benefits in both regimes. Everyone...

Key Highlights of Budget 2023

On February 1st, 2023, Nirmala Sitharaman, the Finance Minister, unveiled the Union Budget 2023. The budget, which took into account the government’s future plans and benefits for taxpayers, appears to be in line with expectations. From the highly anticipated tax relief for the salaried class to the impact on the insurance industry, here are the major highlights of the Union Budget...