This decision is now gaining momentum. Tell that, even before this, the Central Government has privatized many banks from the government. Government employees are strongly opposing this decision of the government.

According to the information, two prominent economists have given their opinion that the government should privatize all other government banks except State Bank of India. While giving its verdict on this, NITI Aayog has said that 6 public sector banks of the country will not be handed over to private hands.

Giving information, government officials have said that all those banks which have been part of the government bank consolidation should not be privatised, a list has been issued by NITI Aayog.

It has been told that Union Bank, SBI, Bank of Baroda, Canara Bank and Indian Bank, these banks will not be privatized by the government. The government has also said that 6 banks will be kept government only.

Remind you that the Finance Minister had announced in last year’s budget that IDBI Bank will be privatized soon. The government wants to sell its stake in this bank. The process of this process is still going on.

This decision of the government is being continuously opposed. Despite this, the government is firm on its stand. Along with this, the Finance Minister had also said that an insurance company would also be sold.

As you know, the merger decision of 4 out of 10 banks was taken by the government in August 2019. Since then the number of public sector banks in the country has come down from 27 to 12.

The government has not yet taken any decision regarding the privatization of these banks, the Finance Minister has made it clear that all these banks will be kept out of privatization.

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At the same time, some changes have also been made in the income tax slab by the government, about which it is very important to know. These changes were announced in Budget 2023 by Finance Minister Nirmala Sitharaman. Let’s know about it…

Income tax return

At present, income tax return is filed in two ways in the country. Income tax return is filed under one old tax regime and the other is under the new tax regime. Presenting the Budget 2023, some changes were announced in the new tax regime by Finance Minister Nirmala Sitharaman in the Modi government. Along with this, a change in income tax slab was announced in the new tax system.

Income tax slab

Under these changes, now if a taxpayer files ITR under the new income tax slab, then he will no longer have to pay any tax on annual income of three lakh rupees. Earlier this limit was up to Rs 2.5 lakh per annum. After this, if there is an annual income of Rs 3-6 lakh, then 5% tax will have to be filed on it. At the same time, 10 percent tax will have to be filed on the annual income of Rs 6-9 lakh.

Tax slab On the other hand, those people who have an annual income of Rs 9-12 lakh, they will have to pay 15 per cent tax. Apart from this, if someone’s income is 12-15 lakh rupees annually, then they will have to file a tax of 20 percent. At the same time, people will have to file 30 percent tax on income above Rs 15 lakh. In such a situation, 6 tax slabs have been set by the government in the new tax regime.

The post Income Tax Slab: The government has released so many income tax slabs, full care has to be taken while filling ITR first appeared on Rightsofemployees.com.