• Important budget highlights of 2023

• Important budget highlights of 2023 

Personal Income Tax :l 

 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% 

 Above 15 Lakhs – 30% 

 No income tax will be charged till Rs 7 lakh in the new tax regime. 

 Capital outlay of ₹2.4 lakh crore has been provided for Railways, the highest-ever ll allocation since 2013-14, the Finance Minister said. 

 The outlay for PM Awaas Yojana has been enhanced by 66 per cent to over Rs 79,000 crore 

 50-year interest-free loans to states extended for 1 more year 

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 Centre to provide Rs 5,300 crore assistance to the drought-prone region of Karnataka’ 

 The focus on capital expenditure continues as Finance Minister Nirmala Sitharaman hikes capital investment outlay by 33 per cent to Rs 10 lakh crore for 2023-24. 

 National Digital Library to be set up 

 The government will launch a sub-scheme under PM Matsya Sampada Yojana  with an outlay of Rs 6,000 crore to further enable those involved in fisheries 

 Senior Citizen Savings Scheme limit increased to Rs 30 lakhs from the current Rs 15 lakhs. 

 The fiscal deficit is expected to be 5.9% of GDP. We aim to Aim to reduce it to 4.5% by 2025-26, said Ms Sitharaman. 

 Mahila Samman Savings certificate for a 2-year period. This will offer a deposit facility of up to 2 lahks at 7.5 per cent interest. 

 The government will launch a sub-scheme under PM Matsya Sampada Yojana with an outlay of Rs 6,000 crore to further enable those involved in fisheries 

 Senior Citizen Savings Scheme limit increased to Rs 30 lakhs from the current Rs 15 lakhs. 

 The fiscal deficit is expected to be 5.9% of GDP. We aim to Aim to reduce it to  4.5% by 2025-26, said Ms Sitharaman. 

 Mahila Samman Savings certificate for a 2-year period. This will offer a deposit  facility of up to 2 lahks at 7.5 per cent interest. 

 Credit guarantee for MSMEs – ₹ 9000 crores infused in the corpus. National financial information registry to be set up – facilitate credit flow and boost the availability of information, announced Nirmala Sitharaman. 

 “30 skill india international centres across different states will be set up,” the  Finance Minister said.