Budget 2023: If income tax relief is given in new tax regime, what happens to the old one?

Tomorrow, on February 1, 2023, Budget will be presented by the Finance Minister Nirmala Sitharaman for upcoming financial year 2023-24. There are media reports that the government may make some changes in new tax regime to make it more attractive for the individual taxpayers. However, if changes are announced in the new tax regime, then what will happen to the old tax regime.

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