Post-budget quote| udChalo

Ravi Kumar Image 2

The 2023 budget has introduced several benefits that will be beneficial for the defense community, including an increase in the tax slab from 5 lac to 7 lac and retention of the standard deduction of Rs 50,000 for salaried individuals. This will result in increased savings for junior commissioned officers and below ranks troops who fall within the new tax slab and can take full tax exemption. Additionally, the tax exemption for contributions to the Agniveer Corpus Fund by those enrolled under the Agnipath Scheme, 2022, is a positive step for the defense community- Mr. Ravi Kumar, Founder, and CEO, udChalo.

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