Finance Minister Nirmala Sitharaman has increased the income tax rebate from Rs 5 lakh to Rs 7 lakh for taxpayers under the new tax regime so no income tax is payable till Rs 7 lakh
Nirmala Sitharaman has hiked the tax exemption limit to Rs 3 lakh. 5% rate will be applicable on Rs 3-6 lakh, 10% on Rs 6-9 lakh, 15% on Rs 9-12 lakh, 20% on Rs 12-15 lakh, and 30% on above Rs 15 lakh
In a massive move, FM Sitharaman has raised the tax exemption limit for leave encashment on retirement from Rs 3 lakh to Rs 25 lakh for non-government salaried employees
FM Sitharaman has slashed customs duty on some parts used to manufacture televisions and mobile phones, thereby making them cheaper
Gold and silver are set to become costlier as the Finance Minister has raised the customs duty. The FM has hiked duty on precious metals such as gold, silver, and platinum from 20% to 25%
Senior citizens are set to gain massively as FM Sitharaman has increased the maximum deposit limit for the savings scheme from Rs 15 lakh to Rs 30 lakh
PAN card will now be used as a common ID for all digital systems of specified government agencies, Finance Minister Sitharaman announced in Budget 2023 as part of ease of doing business
FM Sitharaman has increased capital investment outlay for the third year in a row by 33 per cent to Rs 10 lakh crore, which would be 3.3 per cent of GDP
FM Sitharaman announced that 157 new nursing colleges will be established in co-location with the same number of existing medical colleges established since 2014
A digital library for children and adolescents will be set up for facilitating the availability of quality books across geographies, languages, genres, and levels, and device-agnostic accessibility