Budget 2023: From income tax slabs and ULIPs to women-specific saving schemes; here are 9 key points you must know

Budget 2023 has seen multiple positive changes for the common man in India, such as a new tax regime with lower effective tax rates, increase in exemption on leave encashment for private-sector salaried employees and higher investment limit for senior citizens. 

Budget 2023: From income tax to fiscal deficit; 6 key highlights

The aim is to have strong public finances and a robust financial sector for the benefit of all sections of society, Finance Minister Nirmala Sitharaman said.

Budget 2023: What do capital expenditures and revenue expenditures mean?

<ul><li>Capital expenditures are expenses made to develop long-term economic assets, while revenue expenditures are those expenses that do not result in the creation of assets for the Indian government.</li></ul>

Budget 2023: What exactly is this Union Budget? MintGenie explains

The Union Budget is the framework for the Government's income and expenditure for a fiscal year. It is divided into two parts: capital budget and revenue budget. Let us go through the article to know more about the Union Budget.

Budget 2023: What's in store for senior citizens and women?

There are various benefits anticipated by individuals due to the financial crisis in FY22. In this article, we will make you understand what is there for women and senior citizens.

Budget 2023: Impact of FM Sitharaman's announcements on NBFCs and MSME lending

<ul><li>Considering that MSMEs contribute 30 percent to the country’s GDP, create over 111 million jobs, and account for 48 percent of total exports, their growth is absolutely indispensable if India targets to become a 5 trillion USD economy over the next few years.</li></ul>

Budget 2023: Inclusive and sustainable growth for stable and developed India

The Budget 2023 emphasised on balanced and inclusive development by focusing on provisions for the disadvantaged social groups, the rural and agriculture sector.

Budget 2023: From women to startups; Here are 6 key takeaways

The budget 2023 presented by Finance Minister Nirmala Sitharaman focuses on capex and infrastructure development, with an emphasis on empowering the common man, women and senior citizens, while also pushing for green energy and healthcare initiatives.

Beginners

Budget 2023: Where are the equity and debt markets headed after Union Budget?

<ul><li>Contrary to some pre-budget rumors, no changes were made to the equity capital gains taxation. This removes the near-term uncertainty with regards to equity taxation.</li></ul>

Budget 2023: What should your investment strategy be after Budget? 5 of top brokerages share advice

Now that the Budget is over, the focus of the market has shifted back to earnings and the upcoming RBI policy next week. What should your investment strategy be now? Let's see what different experts advise.

Budget 2023: Why are insurance sector stocks under pressure? Here's all you need to know

If you have a life insurance policy (not a ULIP plan) with a premium of more than ₹5 lakh, you will pay taxes on its proceeds. However, it will not apply to proceeds received on account of the death of the policyholder.

Budget 2023: What does it mean for new investors

<ul><li>The Union Budget 2023, which was presented by Finance Minister Nirmala Sitharaman on Wednesday, has introduced various measures that are beneficial for individuals to invest more in the markets in order to maintain the optimistic mood and inspire new investors.</li></ul>

First-time investors

From retail investors to Gen Z: Who Gained and Who Lost From India’s Federal Budget

Prime Minister Narendra Modi’s government delivered India’s annual budget on Wednesday that laid out a slew of measures to bolster infrastructure for creating more jobs and attract investment ahead of next year’s crucial national election.

Budget 2023: What does this budget have for retail and young investors? 10 experts share their views

<ul><li>According to analysts, the market the budget seems to have received favourable feedback from the market. “We have already managed to reclaim the 17800 mark, which was compromised last Friday. Now today’s close would be quite crucial. If Nifty, manages to stay above 18,000 mark, we should brace ourselves for a strong rally in the coming days,” said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One Ltd.</li></ul>

Budget 2023 for Gen Z: Youth power is one of the 7 top priorities for the government, says FM Sitharaman; Details here

Nirmala Sitharaman outlined seven priorities for Union Budget 2023: inclusive development, unleashing potential, green growth, youth power, last mile reaching, financial sector and infrastructure investment.

Budget 2023: National Apprenticeship Promotion Scheme to benefit 47 lakh youth in 3 years

Pradhan Mantri Kaushal Vikas Yojana 4.0 will be launched that will include setting up of 30 Skill India international centres. The Union Minister of Finance Nirmala Sitharaman emphasised on seven priorities of Union Budget 2023 during her speech.

Gen Z

FM notifies Mahila Samman Savings Certificate 2023: All you need to know

The Government has introduced the Mahila Samman Savings Certificate 2023 with a 7.5% p.a. interest rate and a tenure of 2 years, offering women a safe investment avenue with a maximum deposit of Rs. 2 lakhs.

Your Questions Answered: What are the tax exemptions under the new income tax regime?

The reason behind the unpopularity of the new tax regime in spite of the low tax rates was the removal of almost all the tax exemptions which were available under the old tax regime. Below is an indicative list of tax deductions and exemptions

Financial freedom: Save on taxes and invest in these 7 asset classes next fiscal

One thing everyone can make sure of is that with India’s vision to Amrtikaal, we can also pave our way to a “Financial Freedom ka Amrtikaal” where we can plan to achieve our dreams, have a better lifestyle and fill all other missing gaps in our personal budget. Let’s see further how we can do this and make right use of our savings from the budget 2023-2024.

Budget 2023: Govt allows IFSC units to issue P-notes to overseas investors – here's what it means

<ul><li>One category of a derivative security is an ODI, popularly called participatory notes (P-Notes). P-Notes are generally issued by a registered FPI to its clients/investors who wish to participate in Indian capital markets but do not want to be registered themselves in the markets directly.</li></ul>

Budget 2023: Does it bring back focus on traditional investment schemes?

The Budget 2023 allows more scope to save and invest, thus, bringing back the focus to traditional investment schemes. Read further to know more

Post office monthly income scheme: As deposit limit is raised to ₹9 lakh, should you invest?

The maximum deposit limit for monthly income scheme will be enhanced from ₹4.5 lakh to ₹9 lakh for single account and from ₹9 lakh to ₹15 lakh for joint account.

Budget 2023: Is senior citizens’ savings scheme now large enough to meet financial goals of elderly?

In the Budget 2023, Union Finance Minister raised the maximum deposit limit for senior citizens from ₹15 lakh to ₹30 lakh. Can this now meet all the financial needs of elderly people in their retirement years?

Budget 2023: Amid plans afoot to expand its scope, here are key features of DigiLocker

The Budget 2023 recently announced that the scope of documents available on DigiLocker will soon be expanded to enable more fintech innovative services. We share more details here

Foreign remittances: With 20% tax collection at source, sending money abroad to pinch more; details here

Tax payers are entitled to get the refund of their tax credit after they file their tax return. But those citizens who don’t file their returns stand to lose their money. Read further to know more 

Budget 2023: Govt walks tight rope with no change in capital gains as the joker in the pack

<ul><li>One of the biggest positives of the budget was that there was no change in capital gains, as even a small negative change could have spooked the markets.</li></ul>

Budget 2023: This is why you could call this a visionary and forward-looking plan for India's growth

The 2023-24 Union Budget is a visionary plan that covers all aspects of the nation's development, including infrastructure, inclusive growth, empowering the youth, promoting green growth, and strengthening the financial sector.

Budget 2023: How it pleases and how it pinches?

The Union Budget has been introduced with lower taxes, zero rebates and higher deposit limits for senior citizens. However, there are some new restrictions in place to limit investments and remittances abroad.

Budget 2023 highlights: Sensex gains 158 points, Nifty in red; here's the list of announcements from today's budget

Indian markets recovered from intra-day lows but ended on a mixed note on the budget day. The Sensex ended 158 points higher at 59,708 while the Nifty fell 46 points to 17,616. In a major move, the govt announced changes in tax slabs. It also hiked outlays towards Infra, agri, railways and more.