New income tax.. the main announcement in the budget..!

CHENNAI: As this is the last full budget of the Union government led by Prime Minister Modi, it is very important to make a positive announcement for all parties. The reason is the 2024 general elections, in which a BJP-led government will be formed for the third time at the Centre. Meanwhile, while the property value of India’s rich has risen paradoxically in the last 3 years, the financial condition of the middle and poor people has been pushed to a worse level by the rise in savings rates. Union Budget 2023 It has been reported that the central government is going to make an important announcement in the budget statement to be presented by Union finance minister Nirmala Sitharaman on February 1, as there must be some relaxations to benefit individuals. The central government is going to present the budget statement for the financial year 2023-24 amid many problems such as recession fears, inflation, decline in demand in the international market, export impact, foreign exchange reserves, unemployment etc.