7th Pay Commission: Benefit for Central Government Employees filing ITR under New Tax Regime

7th Pay Commission Latest News Today (February 1, 2023): No special announcement for Central Government Employees was made in Finance Minister Nirmala Sitharaman’s Budget Speech 2023. The FM, however, announced several changes in the New Tax Regime that will benefit salaried taxpayers, including Government employees filing their ITR under the new regime.

Ahead of the Budget, the Narendra Modi Govt was expected to announce some benefits for Central Government Employees.

Finance Minister Nirmala Sitharamam presented the Budget Speech 2023 at 11 am in the parliament today. Read our Budget 2023 Income Tax Live Blog Here.

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Central Government Employees get their salaries and allowances like Dearness Allowance (DR) and Leave Travel Allowance (LTA) as per the recommendations of the 7th Pay Commission.