Union Budget 2023 India Speech Live Updates and Latest News: Indian Finance Minister Nirmala Sitharaman is presenting her fifth Union Budget in Parliament. Citizens hold a lot of interest in the Union Budget 2023 as this is the Modi Government’s last full fledged budget before the upcoming Lok Sabha elections in 2024.
Union Budget 2023 India Speech Live Updates: Indian Income Tax Revised, Good For Crypto Community?
The crypto community is disappointed with no tax burden and TDS reduction announced by India’s Finance Minister Nirmala Sitharaman in the first session of the Union Budget 2023. The finance minister revealed big changes in the tax slabs, reducing the tax liability under the new regime.
Under the new income tax regime, the income tax rebate limit is increased from Rs 5 lakh to Rs 7 lakh. Read More Here…
Personal Income Tax Slabs revised by Indian Govt
Personal Income Tax Slabs revised by Indian Govt:
The new tax rates are
0 to Rs 3 lakhs – nil
Rs 3 to 6 lakhs – 5%
Rs 6 to 9 Lakhs – 10%
Rs 9 to 12 Lakhs – 15%
Rs 12 to 15 Lakhs – 20%
Above 15 Lakhs – 30%
No Reduction In Crypto Tax
India finance minister Nirmala Sitharaman placed the budget for 2023 in the Parliament on Wednesday. There was no mention of any plans or tax relief for the trading of cryptocurrencies and other Virtual Digital Assets (VDA) in the country. This comes amid low hopes on lowering of crypto taxes Read More Here…
Capital investment increased by 33% in Union Budget 2023
Capital investment outlay being increased by 33% to Rs 10 lakh crores, which would be 3.3% of GDP. 50-year interest-free loan to State governments extended for one more year, said FM Sitharaman
Sensex, Nifty 50 Jumps
The Indian traditional market benchmark shows support for the Budget 2023. Nifty is up by 0.5% to stand above 17,800. While Sensex surged by 500 points to stay over 60K.
Tax Benefits For Salaried, Improved Crypto Tax Structure
The sector anticipates that the budget for 2023–24 will help India reach its $5 trillion economic goal.
The income tax division claims that a sizable portion of taxpayers are people who earn a living from salaries. ITR-1s from members of the salaried class made up nearly 50% of all ITRs submitted in 2022. With the exception of the new tax structure, however, the salaries of people had very little to celebrate in the recent budgets. Read More Here…
Bitcoin Remains Stable Ahead of Union Budget 2023 India
The world’s largest crypto, Bitcoin price surged by almost 2% in the last 24 hours. Bitcoin is trading at an average price of $23,163, at the press time. The global crypto market cap is $1.05T, a 0.99% increase over the last day.
Finance Minister Nirmala Sitharaman set to present the Union Budget 2023
Finance Minister Nirmala Sitharaman set to present the Union Budget 2023
What To Expect From Budget 2023, Economic Survey
The Indian crypto ecosystem is desperately looking for respite in the harsh tax policy that was introduced in 2022. Although the Indian administration appears to be open to blockchain based innovation, its reluctance to allow cryptocurrency transactions at scale is still intact. Read More Here…
Budget 2023 India: Top 5 Cryptocurrencies To Watch
Various industry leaders believe that budget 2023 might be a landmark bill for digital assets.
With constantly emerging new coins and projects, the world of cryptocurrency is rapidly evolving. Coingape discuss the top 5 cryptocurrencies to watch for 10x growth and briefly analyze each coin. Read More Here….
FM Sitharaman Set To Present Union Budget 2023
Finance Minister Nirmala Sitharaman has reached the Ministry of Finance to present the Union Budget 2023.
