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BUDGET 2023 : Everything you NEED TO KNOW

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BUDGET 2023 - Highlights & Best Stocks
In this video, we have discussed the major changes along with everything else you need to know for budget.

These changes made in the budget 2023 are as follows:
1. Government has announced a capital expenditure of 10 lakhs for the financial year 2023-24. This was 33% higher CapEx allocation than previous year and nearly double than 2019.
2. Nirmala Sitharaman also announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh stating that the new tax regime will now be the default tax regime
3. Nirmala Sitharaman in the budget 2023 proposed to change the tax structure and introduced the new tax regime, by reducing the number of tax slabs to 5 and increasing the tax exemption limit to Rs 3 lakh.
4. Taxes on following items have been increased- cigarettes, silver, imitation jewellery, articles made from gold bars, imported luxury cars and EV.
Taxes on these items have been reduced-mobile phone, TV, lab grown diamonds, raw materials for EV industry.
5. Fiscal deficit for the year has been targeted at 5.9% this year.
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