Published: Jan 31, 2023, 23:06 IST | Updated: Jan 31, 2023, 23:06 IST
India's Finance Minister Nirmala Sitharaman presented the Union Budget for fiscal year 2023-24 in the Parliament on February 1. And in a major relief for the middle class, an Income tax rebate was extended on income up to Rs 7 lakhs under the new tax regime.