UNION BUDGET OF INDIA
The union budget of India, 2023-24 Today release in parliament by Hon'ble finance minister Nirmala sitharaman This budget have lack of expectations by middle class people. Budget 2023 aims to focus on fulfilling youth aspirations, job creation and macroeconomic stability from an economics perspective. India is the biggest country And India's forecast to grow by 7% this year, making in the 5th largest economy in the world. Digital payments are increased. Our Government done 102 crore COVID vaccine doses to peoples. For students we arranged the Digital libraries. This Budget given 7 major priorities to public. Agriculture, Girls , Backward class people, Education. EPFO workers are increased. The outlay for PM Azaz Yojana is being increased by 66% to over Rs 79,000 crore, says Sitharaman. All over India 157 medical colleges in India. The Budget provides. Highest ever Railway 2.4 lakh crores provided.Outlay PM-Awas Yojna increased 66% to Rs 79,000 crore.
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| Nirmala sitharaman |
PAN Card to be common identifier for all digital systems of govt agencies. In the next three years, Eklavaya Model Residential Schools, the Centre will recruit 38,800 teachers and support staff for 740 schools serving 3.5 lakh tribal students, announced FM Nirmala Sitharaman.
"G20 Presidency gives us a unique opportunity to strengthen our role in the world economic order, we are steering an ambitious people-centric agenda to address global challenges and facilitate sustainable economic development," Sitharaman said.Union Finance Minister Nirmala Sitharaman, while making Budget 2023 announcements, said that Rs 2 lakh crore for the entire year will be borne by the central government under 'PM Garib Kalyan Anna Yojana'. This scheme is aimed at supplying free food grains for one year to all Antyodaya and priroity households. 50 additional airports, heliports, and advanced landings will be revived for improving air connectivity.
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| DIGITAL MARKETING AS IMPROVED |
Revised tax slabs under the new tax regime
Under new tax regime, income of Rs 0-3 lakh is nil.
Income above Rs 3 lakh and up to Rs 5 lakh to be taxed at 5% under new regime.
Income of above Rs 6 lakh and up to Rs 9 lakh to be taxed at 10% under new regime.
Income above Rs 12 lakh and up to Rs 15 lakh to be taxed at 20% under new regime.
Income above Rs 15 lakh to be taxed at Rs 30%.Sitharaman proposed a change in tax slab under the new tax regime.
The new taxes rates are .
0 to ₹7lakhs -. Nil;;
₹7 to ₹9lakhs -. 10%
₹9to ₹12 lakhs -. 15%
₹12 to₹ 15 lakhs - 20%
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