Live Updates and discussion on Union Budget 2023-2024

Surcharge rate reduced

The government has proposed to reduce the highest surcharge rate from 37% to 25% under new tax regime, FM Sitharaman said while presenting the Budget 2023.

Micro enterprises with turnover upto 2 crore and professionals with turnover upto 50 lakh can avail the benefit of presumptive taxation, says the Finance Minister. #budget2023

To improve bank governance and enhance investors' protection, certain amendments to the Banking Regulation act, the Banking Companies Act and the Reserve Bank of India act are being proposed, says the Finance Minister.#budget2023