Budget 2023: Expectations to Hike 80C Limit and Changes in Income Tax slab

Budget 2023: Expectations to Hike 80C Limit and Changes in Income Tax slab

Budget 2023: Expectations to Hike 80C Limit and Changes in Income Tax slab

The Union Budget for 2023 will be presented on February 1st, 2023 by Finance Minister Nirmala Sitharaman. Taxpayers anticipate a wide range of measures from the Budget this time around in light of rising inflation and high interest rates. Some of the top items on tax-payers’ wish lists this year include an increase in the basic income tax exemption limit, a higher deduction limit in section 80C , incentives for homebuyers, and a separate deduction section for life insurance.

This budget is noteworthy because it is the […]

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