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BIG Updates From Union Budget 2023|Highlights of Union Budget|Earnings Tax Rebate Latest

BIG Updates From Union Budget 2023|Emphasizes of Union Budget|Budget 2023 For Salaried Employees

Budget Highlights (Detailed): https://youtu.be/_l9Xfec2qHY

First February is Budget Day for everyone. Honourable Finance Minister Nirmala Sitharaman provided the Union Budget.
SUMMARY OF THE UNION BUDGET 2023-24

UNION BUDGET 2023-24 PRESENTS VISION FOR AMRIT KAAL-BLUE PRINT FOR AN EMPOWERD AND INCLUSIVE ECONOMY

3 PRONGED FOCUS DRIVEN BY FOUR TRANSFORMATIVE OPPORTUNITIES CONSTITUTE FOUNDATION OF AMRIT KAAL
CAPITAL INVESTMENT OUTLAY INCREASED BY 33% TO Rs. 10 LAKH CRORE
EFFECTIVE CAPITAL EXPENDITURE AT 4.5% OF GDP
FISCAL DEFICIT ESTIMATED TO BE 5.9 % OF GDP IN BE 2023-24
REAL GDP TO GROW AT 7% IN FY2022-23
EXPORTS TO GROW AT 12.5% IN FY 2023

ATMANIRBHAR CLEAN PLANT PROGRAM WITH OUTLAY OF 2200 CRORE TO BE LAUNCHED TO BOOST AVAILABILITY OF QUALITY PLANTING MATERIAL FOR HIGH VALUE HORTICULTURAL CROPS

157 NEW NURSING COLLEGES TO BE ESTABLISHED

OUTLAY FOR PM AWAS YOJANA ENHANCED BY 66% TO OVER RS. 79,000 CRORE

HIGHEST EVER CAPITAL OUTLAY OF Rs. 2.40 LAKH CRORE PROVIDED FOR RAILWAYS

URBAN INFRASTRUCTURE DEVELOPMENT FUND (UIDF) TO BE ESTABLISHED THROUGH USE OF PRIORITY SECTOR LENDING SHORTFALL

500 NEW WASTE TO WEALTH PLANTS UNDER GOBARDHAN SCHEME TO BE ESTABLISHED AT TOTAL INVESTMENT OF Rs 10,000 CRORE

BRAND-NEW SLABS ANNOUNCED UNDER THE NEW TAX REGIME

LOCAL INDIVIDUAL WITH TOTAL INCOME UPTO 7 LAKH WILL NOT HAVE TO PAY ANY INCOME TAX UNDER NEW TAX REGIME

STANDARD DEDUCTION OF 50,000 WILL ALSO BE AVAILABLE TO SALARIED INDIVIDUALS UNDER THE NEW TAX REGIME

NEW TAX REGIME FOR INDIVIDUAL AND HUF WILL BE THE DEFAULT REGIME

LIMIT FOR TAX EXEMPTION ON LEAVE ENCASHMENT ON RETIREMENT OF NON-GOVERNMENT SALARIED EMPLOYEES INCREASED TO 25 LAKH

SLEW OF PROPOSALS ANNOUNCED FOR THE COOPERATIVE SECTOR

INDIRECT TAX PROPOSALS AIM TO PROMOTE EXPORTS, BOOST DOMESTIC MANUFACTURING, ENHANCE DOMESTIC VALUE ADDITION, ENCOURAGE GREEN ENERGY AND MOBILITY

VARIETY OF BASIC CUSTOMS DUTY RATES ON GOODS, OTHER THAN TEXTILES AND AGRICULTURE, REDUCED FROM 21 TO 13

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