Finance Minister Nirmala Sitharaman in Union Budget 2023-24 announced rationalisation of income tax slabs in a move to provide relief to the middle class. At the same time, she hiked capital expenditure for infrastructure development by 33 per cent to Rs 10 lakh crore and enhanced outlay for railways to record Rs 2.4 lakh crore.
Union Budget 2023 Highlights: Nirmala Sitharaman Gifts Middle Class Income Tax Cuts, Announces Capex Of Rs 10 Lakh Crore
Budget 2023-24 was announced by Finance Minister Nirmala Sitharaman on Wednesday. The Budget called for rationalisation of tax slabs and enhanced capital expenditure for infra development.