Finance Minister Nirmala Sitharaman is presenting the Union Budget for 2023 in the Parliament. This is the last full-year budget before the national elections in 2024, announcing a series of tax reliefs, Nirmala Sitharaman has give a huge relief to and announced six tax slabs and rebate has been extended on income up to Rs 7 lakh.
An employee who was extremely happy with the tax rebate deliberately ruined his year end appraisal to make sure his salary remains within 7 lakhs slabs. Reportedly, the employee’s salary was 6.8 Lakh and any positive appraisal has would have made him fall in a tax slab.
Speaking to The Fauxy, the employee said “I don’t like making fake bills and investing in PPF or taking home loans, hence, I don’t want to be under tax slab and i’ll make sure that in next appraisal also I fall within no tax limit”.