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Introduction The Indian Union Budget 2023, which is the annual financial statement of the Government of India, was presented by Finance Minister Nirmala Sitharaman on 1 February 2023. This year’s budget has witnessed a significant shift in focus, as the Union Government has made substantial investments to stimulate the economy, improve access to education and […]
Highlights of Union Budget 2023-24: New tax regime to become the default, no tax on income up to Rs 7 lakh, increase in tax rebate from Rs 5 lakhs, 16% increase in NCCD on certain cigarettes, 45% of tax refunds processed within 24 hours.
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Ministry of Finance DIRECT TAX PROPOSALS AIMED AT REDUCING COMPLIANCE BURDEN, PROMOTING ENTREPRENEURIAL SPIRIT & PROVIDING TAX RELIEF TO CITIZENS NEXT-GENERATION COMMON IT RETURN FORM FOR TAX PAYER CONVENIENCE TO BE ROLLED OUT LIMITS OF PRESUMPTIVE TAXATION ENHANCED TO Rs 3 CRORE FOR MICRO ENTERPRISES AND Rs 75 LAKH FOR PROFESSIONALS WITH CASH PAYMENTS LESS […]
Smt. Sitharaman said that this Budget hopes to build on the foundation laid in the previous Budget, and the blueprint drawn for India@100, which envisions a prosperous and inclusive India, where the fruits of development reach all regions and citizens, especially our youth, women, farmers, OBCs, Scheduled Castes and Scheduled Tribes.
Understand the performance of the Indian Economy with the 2023-24 Economic Survey. Learn about key trends, challenges and policy initiatives
Comprehensive economic survey of India 2023-24 – Learn what effects Govt. policies have on economic growth, stability & overall economic wellbeing in India.
Budget 2023-2024 Speech of Nirmala Sitharaman, Minister of Finance – February 1, 2023 Hon’ble Speaker, I present the Budget for 2023-24. This is the first Budget in Amrit Kaal. Introduction 1. This Budget hopes to build on the foundation laid in the previous Budget, and the blueprint drawn for India@100. We envision a prosperous and […]
ECONOMIC SURVEY 2022-23: HIGHLIGHTS Indian economy staging a broad based recovery across sectors, positioning to ascend to pre-pandemic growth path in FY23 Retail inflation is back within RBI’s target range in November 2022 Direct Tax collections for the period April-November 2022 remains buoyant Enhanced Employment generation seen in the declining urban unemployment rate and in […]
Learn the importance of submitting Investment Declaration in Form 12BB to your Employer – TDS on Salary for Tax deductions! Understand how Section 80C & Section 192B of the Income Tax Act, 1961 affect your tax declaration.
