Union Budget 2023 came as a major relief for middle-class taxpayers. During the Budget Session, Finance Minister Nirmala Sitharaman proposed raising the rebate limit to Rs 7 lakh in Parliament.
But there is a catch; this rebate limit of Rs 7 lakh is for the new income tax regime. There is no benefit if you were availing of the old tax regime.
Ever since the new was out regarding the confusion between the new tax regime and the old tax regime, the memefest has begun on social media.
Here are some memes from Twitter.
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'Itni khushi mujhe aaj tak nahi hui': Internet reacts to Income Tax slab change in Budget 2023
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