Finance Minister Nirmala Sitharaman on Saturday said that the new tax regime was revised with a view to provide relief to taxpayers and save more money in the hands of people.
Answering a question on the new tax regime in the press conference held after the RBI board meeting, he said that more deductions have been made for the people in the new tax regime, which saves more money in their hands. The new tax regime lightens the tax burden on the people. Sitharaman said that the government had already asked to reduce the tax rate and make it easier.
The Finance Minister participated in the Customary Central Board of Directors meeting of RBI on Saturday after the Union Budget 2023-24. After this meeting, Sitharaman has said this in the press conference regarding the new tax regime. RBI Governor Shaktikanta Das was also present along with the Finance Minister in this meeting and the subsequent press conference.
