Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget 2023-24 in Lok Sabha.
The duration of the speech was 1 hour 26 minutes - Sitharaman's shortest Budget speech.
Among the key features of the Union Budget 2023 were major changes introduced to the personal income tax structure in the country. The tax rebate limit increased to Rs 7 lakh from Rs 5 lakh in the new tax regime. Sitharaman further announced that the new Income Tax regime would become the default tax regime in India.
Here's the full text of the Union Budget 2023-24:
Here are the key features of the Union Budget 2023-34: