The Budget gives relief to investors by sticking to capital gains tax rates, discourages the use of insurance as investments and of Liberalised Remittance Scheme for investing abroad. On the other hand, it helps senior citizens with additional exposure to savings scheme.
Finance Minister Nirmala Sitharam highlighted several new schemes in the Union Budget 2023-24 on February 1. In her Budget speech, Sitharaman introduced a one-time new small savings scheme for women, Mahila Samman Savings Certificate. Let's take a look at some of the schemes introduced in Budget 2023.
Finance Minister Nirmala Sitharaman's Union Budget 2023-24 made five major announcements for the middle class with respect to personal income tax. These announcements, from income tax rebate to leave encashment exemptions, will provide substantial benefits to the middle class
System-driven tax returns at higher slabs due to ignorance of new tax regime is likely behind the move
The Union Finance Minister Nirmala Sitharaman tabled the Union Budget 2023-24 in Parliament on February 1. She began her speech by introducing this year's Budget as the first one in India's 'Amrit Kaal'. Budget 2023 hopes to build on the foundation of the previous Budgets. Here are the keys highlights of Budget 2023.
In her Budget 2023 speech, Nirmala Sitharaman said the government’s focus is on wide-ranging reforms and some policies implemented through ‘Sabka Prayas’.
Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24, which she said was the first budget in 'Amrit Kaal', in the Lok Sabha on February 1
Union Budget for 2023-24 brought cheer to common man as it tweaked slabs to make new income tax regime more attractive. A bumper capital expenditure programme hiking it by 33% to Rs 10 lakh crore will provide a fillip to the economy.