Budget 2023 has benefited some while disappointing the others.

But here we will see how far people have been benefited by the new policies.

Atleast one crore people in the Rs 5-7 lakh income range will gain from the government's decision to increase the rebate level r Rs 7 lakh.

Many of the individuals will be unable to use the benefits of savings instruments.

"These individuals will not have to pay any tax, irrespective of the amount of deductions that they are able to claim due to the savings. We also need to factor in that savings increase as the income level goes up, as you have higher disposable income ," said a finance ministry official.

People with income above Rs 3 lakh even if they don't have any liability will be required to file returns.

Source - TOI