The Finance Ministry have been working day and night for the Union Budget 2023-24 that will be represented on 1st February 2023. There are lots of queries, hopes, and expectations from the upcoming budget whether to provide relief through tax deduction, increase the amount of varied things, reducing the cost of varied products, health, market, and loan waiver with more concern on varied points.
- This will be last full year budget ahead of the Lok Sabha election
- Some changes in the tax structure are expected
- Section 80C current limit could get increased
- Pre-budget consultation meetings are going on