Budget 2023 Expectations LIVE: Finance Minister Nirmala Sitharaman will present Union Budget 2023 on February 1, 2023. Amid rising inflation and high-interest rates, taxpayers are expecting a slew of measures from the Budget this time. Hike in basic income tax exemption limit, a higher deduction limit in section 80C, sops for homebuyers, a separate deduction section for life insurance — these are some of the key items on tax-payers’ wish-list this year. “Union Budget 2023-24 is being presented at a crucial juncture of geo-political uncertainties, high inflation and slowing world economic growth. At this juncture, calibrated steps to enhance domestic sources of growth would be crucial to maintain the steady economic growth trajectory,” said PHD Chamber of Commerce and Industry.”Boosting consumption by leaving more money in the hands of the consumers, is a low hanging fruit for a further recovery in economic growth,” said Deepak Sood, Secretary General, ASSOCHAM.
Budget 2023 Expectations LIVE: Will Budget 2023 hike section 80C limit to Rs 2.5 lakh?
