New Tax Rates
0 to Rs 3 lakhs - nil, Rs 3 to 6 lakhs - 5%, Rs 6 to 9 Lakhs - 10%, Rs 9 to 12 Lakhs - 15%, Rs 12 to 15 Lakhs - 20% and above 15 Lakhs - 30%.
Seven Priorities of Budget 2023
Inclusive Development, Green Growth, Reaching the last mile, Infra & investment, unleashing the potential, Youth power and financial sector
Improvement in Agriculture
Digital public infrastructure for agriculture to be built
Facilitation of Education
National Digital Library for children and adolescents will be set up for facilitating quality books
PM Awaas Yojana
The outlay for PM Awaas Yojana being enhanced by 66% to over Rs 79,000 crores
Common identifier for all digital systems
PAN will be used for common identifier for all digital systems of specified government agencies
Customs Duty
Customs duty on lab grown diamonds to be reduced
Urban infra development fund
Govt to spend Rs 10,000 crore per year for urban infra development fund
Indian Railways
Rs 2.40 lakh crore boost for the Indian Railways, increasing the budgetary allocation for the sector
Fiscal deficit
FY-2024 fiscal deficit target at 5.9% of GDP