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New Tax Regime Will Leave Higher Disposable Income: Nirmala Sitharaman
She said the government's efforts to recover the economy have been through the capital expenditure route. Replying to the debate in Lok Sabha on the general budget on Friday, she said the government's efforts to recover the economy after the pandemic has been through the capital expenditure route. The tax structure in the new personal tax regime has been changed by reducing the number of slabs to five. That is a very difficult balance, it is a very delicately balanced tact," Sitharaman said. This will be almost three times the outlay in 2019-20. The capex allocation has grown four times since 2015-16, from Rs 2.5 lakh crore to Rs 10 lakh crore (budget estimate for 2023-24). Source: NDTV
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