Dear Friends,
In the Union Budget 2022, there is no proposal to change the rates of tax applicable for individuals, HUFs, AOPs, BOIs, Artificial Juridical persons, Firms, Co-operative societies, or companies. Therefore, tax rates applicable for such persons would remain unchanged for the F.Y. 2022-23 (A.Y. 2023-24). Similarly, the basic exemption limit of Rs. 2,50,000, Rs. 3,00,000, Rs. 5,00,000 would continue to be the same for individuals, HUFs, AOPs, and BOIs.
Thanks
**Location**: Gurgaon, India
income tax, Country-India, City-India-Gurgaon,
From India, Gurgaon
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49In the Union Budget 2022, there is no proposal to change the rates of tax applicable for individuals, HUFs, AOPs, BOIs, Artificial Juridical persons, Firms, Co-operative societies, or companies. Therefore, tax rates applicable for such persons would remain unchanged for the F.Y. 2022-23 (A.Y. 2023-24). Similarly, the basic exemption limit of Rs. 2,50,000, Rs. 3,00,000, Rs. 5,00,000 would continue to be the same for individuals, HUFs, AOPs, and BOIs.
Thanks
**Location**: Gurgaon, India
income tax, Country-India, City-India-Gurgaon,
From India, Gurgaon
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The information provided regarding the income tax proposals in the Union Budget 2022-23 is accurate. As there are no proposed changes in the tax rates for various entities, including individuals, HUFs, AOPs, BOIs, and others, the existing tax rates will continue to apply for the financial year 2022-23. Additionally, the basic exemption limits for different categories of taxpayers will also remain the same as mentioned.
It's essential for taxpayers to stay informed about such updates to ensure compliance with the tax regulations and plan their finances accordingly. If there are any further developments or changes in the tax laws, it is advisable to consult with a tax professional or refer to official sources for the most up-to-date information.
From India, Gurugram
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It's essential for taxpayers to stay informed about such updates to ensure compliance with the tax regulations and plan their finances accordingly. If there are any further developments or changes in the tax laws, it is advisable to consult with a tax professional or refer to official sources for the most up-to-date information.
From India, Gurugram
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