<\/p>\n
BUDGET AT A GLANCE<\/span><\/a>\n2023-2024<\/span><\/p>\n(Click on the link above)<\/span><\/p>\n <\/p>\nKey Features of<\/a><\/span>\nBudget 2023-2024<\/span>\n(Click on the link above)<\/span><\/p>\n <\/p>\nPersonal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023<\/strong><\/span><\/p>\n\nPeople earning up to 7 lakh will not have to pay any tax under new tax regime<\/span><\/li>\n<\/ul>\n\nNew tax regime slabs reduced to 5<\/span><\/li>\n<\/ul>\n\nStandard Deduction 52.5k in new tax regime<\/span><\/li>\n<\/ul>\n\nHighest surcharge rate from 37% to 25%<\/span><\/li>\n<\/ul>\n\nNew Tax Regime default<\/span><\/li>\n<\/ul>\n\nSenior Citizens Savings Scheme increased from 15 lacs to 30 lacs<\/span><\/li>\n<\/ul>\n\nMIS Increased from 4.5 lacs to 9 lacs Single Account & 9 lacs to 15 lacs for Joint Account<\/span><\/li>\n<\/ul>\n <\/p>\nDefence Budget<\/strong><\/span><\/p>\n<\/p>\n\nNo announcements on the defence budget in speech. Probably not significant enough or learning from China (Keep people guessing)<\/span><\/li>\n<\/ul>\nDefence Budget:<\/strong><\/span><\/p>\nIndia’s defence budget tabbed at Rs 5.94 lakh cr for FY 2023-24 Capital outlay : 1.62 lakh crore (1.50lcr last yr) hiked by Rs 10,000 cr Pensions: 1.38 lakh cr (1.19 lakh crore last year.)<\/span><\/p>\nCapital increased from 1.52 to 1.62 lac Cr<\/span><\/p>\nArmy from 32000 to 37,000<\/span><\/p>\nNavy from 47,700 to 52,800<\/span><\/p>\nAF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
(Click on the link above)<\/span><\/p>\n <\/p>\nKey Features of<\/a><\/span>\nBudget 2023-2024<\/span>\n(Click on the link above)<\/span><\/p>\n <\/p>\nPersonal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023<\/strong><\/span><\/p>\n\nPeople earning up to 7 lakh will not have to pay any tax under new tax regime<\/span><\/li>\n<\/ul>\n\nNew tax regime slabs reduced to 5<\/span><\/li>\n<\/ul>\n\nStandard Deduction 52.5k in new tax regime<\/span><\/li>\n<\/ul>\n\nHighest surcharge rate from 37% to 25%<\/span><\/li>\n<\/ul>\n\nNew Tax Regime default<\/span><\/li>\n<\/ul>\n\nSenior Citizens Savings Scheme increased from 15 lacs to 30 lacs<\/span><\/li>\n<\/ul>\n\nMIS Increased from 4.5 lacs to 9 lacs Single Account & 9 lacs to 15 lacs for Joint Account<\/span><\/li>\n<\/ul>\n <\/p>\nDefence Budget<\/strong><\/span><\/p>\n<\/p>\n\nNo announcements on the defence budget in speech. Probably not significant enough or learning from China (Keep people guessing)<\/span><\/li>\n<\/ul>\nDefence Budget:<\/strong><\/span><\/p>\nIndia’s defence budget tabbed at Rs 5.94 lakh cr for FY 2023-24 Capital outlay : 1.62 lakh crore (1.50lcr last yr) hiked by Rs 10,000 cr Pensions: 1.38 lakh cr (1.19 lakh crore last year.)<\/span><\/p>\nCapital increased from 1.52 to 1.62 lac Cr<\/span><\/p>\nArmy from 32000 to 37,000<\/span><\/p>\nNavy from 47,700 to 52,800<\/span><\/p>\nAF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Key Features of<\/a><\/span>\nBudget 2023-2024<\/span>\n(Click on the link above)<\/span><\/p>\n <\/p>\nPersonal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023<\/strong><\/span><\/p>\n\nPeople earning up to 7 lakh will not have to pay any tax under new tax regime<\/span><\/li>\n<\/ul>\n\nNew tax regime slabs reduced to 5<\/span><\/li>\n<\/ul>\n\nStandard Deduction 52.5k in new tax regime<\/span><\/li>\n<\/ul>\n\nHighest surcharge rate from 37% to 25%<\/span><\/li>\n<\/ul>\n\nNew Tax Regime default<\/span><\/li>\n<\/ul>\n\nSenior Citizens Savings Scheme increased from 15 lacs to 30 lacs<\/span><\/li>\n<\/ul>\n\nMIS Increased from 4.5 lacs to 9 lacs Single Account & 9 lacs to 15 lacs for Joint Account<\/span><\/li>\n<\/ul>\n <\/p>\nDefence Budget<\/strong><\/span><\/p>\n<\/p>\n\nNo announcements on the defence budget in speech. Probably not significant enough or learning from China (Keep people guessing)<\/span><\/li>\n<\/ul>\nDefence Budget:<\/strong><\/span><\/p>\nIndia’s defence budget tabbed at Rs 5.94 lakh cr for FY 2023-24 Capital outlay : 1.62 lakh crore (1.50lcr last yr) hiked by Rs 10,000 cr Pensions: 1.38 lakh cr (1.19 lakh crore last year.)<\/span><\/p>\nCapital increased from 1.52 to 1.62 lac Cr<\/span><\/p>\nArmy from 32000 to 37,000<\/span><\/p>\nNavy from 47,700 to 52,800<\/span><\/p>\nAF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023<\/strong><\/span><\/p>\n\nPeople earning up to 7 lakh will not have to pay any tax under new tax regime<\/span><\/li>\n<\/ul>\n\nNew tax regime slabs reduced to 5<\/span><\/li>\n<\/ul>\n\nStandard Deduction 52.5k in new tax regime<\/span><\/li>\n<\/ul>\n\nHighest surcharge rate from 37% to 25%<\/span><\/li>\n<\/ul>\n\nNew Tax Regime default<\/span><\/li>\n<\/ul>\n\nSenior Citizens Savings Scheme increased from 15 lacs to 30 lacs<\/span><\/li>\n<\/ul>\n\nMIS Increased from 4.5 lacs to 9 lacs Single Account & 9 lacs to 15 lacs for Joint Account<\/span><\/li>\n<\/ul>\n <\/p>\nDefence Budget<\/strong><\/span><\/p>\n<\/p>\n\nNo announcements on the defence budget in speech. Probably not significant enough or learning from China (Keep people guessing)<\/span><\/li>\n<\/ul>\nDefence Budget:<\/strong><\/span><\/p>\nIndia’s defence budget tabbed at Rs 5.94 lakh cr for FY 2023-24 Capital outlay : 1.62 lakh crore (1.50lcr last yr) hiked by Rs 10,000 cr Pensions: 1.38 lakh cr (1.19 lakh crore last year.)<\/span><\/p>\nCapital increased from 1.52 to 1.62 lac Cr<\/span><\/p>\nArmy from 32000 to 37,000<\/span><\/p>\nNavy from 47,700 to 52,800<\/span><\/p>\nAF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Defence Budget<\/strong><\/span><\/p>\n<\/p>\n\nNo announcements on the defence budget in speech. Probably not significant enough or learning from China (Keep people guessing)<\/span><\/li>\n<\/ul>\nDefence Budget:<\/strong><\/span><\/p>\nIndia’s defence budget tabbed at Rs 5.94 lakh cr for FY 2023-24 Capital outlay : 1.62 lakh crore (1.50lcr last yr) hiked by Rs 10,000 cr Pensions: 1.38 lakh cr (1.19 lakh crore last year.)<\/span><\/p>\nCapital increased from 1.52 to 1.62 lac Cr<\/span><\/p>\nArmy from 32000 to 37,000<\/span><\/p>\nNavy from 47,700 to 52,800<\/span><\/p>\nAF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Defence Budget:<\/strong><\/span><\/p>\nIndia’s defence budget tabbed at Rs 5.94 lakh cr for FY 2023-24 Capital outlay : 1.62 lakh crore (1.50lcr last yr) hiked by Rs 10,000 cr Pensions: 1.38 lakh cr (1.19 lakh crore last year.)<\/span><\/p>\nCapital increased from 1.52 to 1.62 lac Cr<\/span><\/p>\nArmy from 32000 to 37,000<\/span><\/p>\nNavy from 47,700 to 52,800<\/span><\/p>\nAF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
India’s defence budget tabbed at Rs 5.94 lakh cr for FY 2023-24 Capital outlay : 1.62 lakh crore (1.50lcr last yr) hiked by Rs 10,000 cr Pensions: 1.38 lakh cr (1.19 lakh crore last year.)<\/span><\/p>\nCapital increased from 1.52 to 1.62 lac Cr<\/span><\/p>\nArmy from 32000 to 37,000<\/span><\/p>\nNavy from 47,700 to 52,800<\/span><\/p>\nAF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Capital increased from 1.52 to 1.62 lac Cr<\/span><\/p>\nArmy from 32000 to 37,000<\/span><\/p>\nNavy from 47,700 to 52,800<\/span><\/p>\nAF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Army from 32000 to 37,000<\/span><\/p>\nNavy from 47,700 to 52,800<\/span><\/p>\nAF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Navy from 47,700 to 52,800<\/span><\/p>\nAF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
AF from 55,500 to 57,000<\/span><\/p>\nBudget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Budget for Pensions increased from Rs 1.19 to 1.38 lac Crs<\/span><\/p>\n<\/p>\n <\/p>\n<\/p>\nBudget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Budget snapshots:<\/strong><\/span><\/p>\n\nPer capita income at \u20b91.97 lac more than double in last 5 years.<\/span><\/li>\nIndia 5th largest economy of the world.<\/span><\/li>\nDigital payments of 126 lac crores in 2022.<\/span><\/li>\n11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.<\/span><\/li>\n2.2 lac crores direct Trf to farmers<\/span><\/li>\nHuge impetus on tourism. State and centre aligned and public private partnership programmes<\/span><\/li>\nGreen economy to be pushed beyond realms. Carbon footprint reduction roadmap<\/span><\/li>\nGovernment to support agri tech startup\u2019s. Agricultural accelerator fund to be set up<\/span><\/li>\nPublic private partnership allowed in cotton manufacturing<\/span><\/li>\nIndia to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.<\/span><\/li>\nIndian institute of millet research will be made international<\/span><\/li>\nAgricultural credit target to be made till 20 lac crore with support to dairy.<\/span><\/li>\n\u20b92200 crores for horticulture<\/span><\/li>\nAgricultural societies, dairy and fishery societies to be set up<\/span><\/li>\n157 new nursing colleges to be set up<\/span><\/li>\nNational book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.<\/span><\/li>\n\u20b96000 allocated to fisheries<\/span><\/li>\nPMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. \u20b915000 crores<\/span><\/li>\nPMAVAS to be increased to \u20b979000 crores. Increase of 66%<\/span><\/li>\nCapital investment outlay increased to \u20b910 lac crores. Increase of 33%. Approx 3.3% of GDP<\/span><\/li>\nEffective Capex to be \u20b913.7 lac crores. Approx 4.5% of GDP<\/span><\/li>\n50 additional AirPort to be revived for better connectivity.<\/span><\/li>\nRailway outlay \u20b92.4 lac crore. 9 times the budget of 2013-14<\/span><\/li>\nUrban development infra fund to be started. Managed by NHB<\/span><\/li>\nSeptic tanks in city and towns to be changed. Manhole to machine holes<\/span><\/li>\nJan Vishwas bill to normalise laws.<\/span><\/li>\nCentre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.<\/span><\/li>\nNational data governance policy to be brought out.<\/span><\/li>\nVivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.<\/span><\/li>\nE-courts phase 3 launched<\/span><\/li>\nDigi lockers to be made universally available<\/span><\/li>\n\u20b97000 crores for phase 3 of e-courts<\/span><\/li>\nLab grown diamonds to be emphasised.<\/span><\/li>\n100 labs for 5G development<\/span><\/li>\nFocus on green growth. National green hydrogen \u20b919700 crores allocation<\/span><\/li>\n\u20b935000 crores in energy TRANSITION<\/span><\/li>\nGreen hydrogen production to be made till 5MMT TILL 2030<\/span><\/li>\nRenewal energy allocated \u20b920700 crores<\/span><\/li>\nMangrove plantation along coastline wherever feasible.<\/span><\/li>\n1 crore farmers to be trained for natural farming.<\/span><\/li>\n3000 legal provisions decriminalised<\/span><\/li>\n36 skill international setups to be made<\/span><\/li>\nTourism made easy. Every destination to be made full package.<\/span><\/li>\nDekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.<\/span><\/li>\n\u20b99000 fresh allocation to credit guarantee scheme<\/span><\/li>\nData embassies at IFSC GIFT<\/span><\/li>\nFresh IEPF only portal<\/span><\/li>\nDigital public infrastructure to get proper help<\/span><\/li>\nMahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%<\/span><\/li>\nMax deposit limit for senior citizen FD scheme enhanced to \u20b930 lacs<\/span><\/li>\nEntire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.<\/span><\/li>\nFiscal deficit of states to be 3.5% of GSDP<\/span><\/li>\n2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)<\/span><\/li>\nFiscal deficit at 6.4%.<\/span><\/li>\n2023-24 incoming 27.25 lc crores and expense at 45 lac crores.<\/span><\/li>\nFiscal deficit 2023-24 5.9%<\/span><\/li>\nFiscal deficit target of below 4.5% by 2025-26<\/span><\/li>\nGst paid compressed biogas to be duty free.<\/span><\/li>\nExcept agri custom duty reduced to 13% from 21%<\/span><\/li>\n31 crore unit produced in india in 2022. Relief of custom duty on import of certain parts like cam are lens<\/span><\/li>\nManufacture of tv on parts of cells, custom duty now be 2.5%<\/span><\/li>\nBCD on electric chimney 7.5 to 15% and on heat coil to be 15% from 20<\/span><\/li>\nDeethyl alchohol on BCD reduced to 2.5%<\/span><\/li>\nMarine products- shrimp feed duty reduced.<\/span><\/li>\nBCD on seeds of lab grown diamond reduced.<\/span><\/li>\nExemption in bcd of some products of input of iron n steel reduced or removed.<\/span><\/li>\nSome cigarette to be costlier by 16%<\/span><\/li>\n72 lac returns filed on a single day.<\/span><\/li>\nProcessing days of ITR reduced from 93 days to 16 days.<\/span><\/li>\n44AD and 44ADA are now at 3 crores and 75 lacs.<\/span><\/li>\nGst exempted for blending of CNG<\/span><\/li>\n16% fresh NCCD om cigarette<\/span><\/li>\nPrimary agricultural society can deposit cash up to 2 lac.<\/span><\/li>\nIncome tax benefit and c\/o losses till 10 years of incorporation<\/span><\/li>\nDeploy 100 joint commissioners to get cases disposed.<\/span><\/li>\nIncome tax- rebate increased limit to 7 lacs in the new tax regime<\/span><\/li>\nNew income tax slab will have only 5 slabs. 0-3 nil. 3-6 5%. 6-9 10%<\/span><\/li>\nStandard deduction under new tax regime to be 52500 for salary up to 15.5 lac<\/span><\/li>\nHighest tax rate is 42.7%. Now reduced. Surcharge now at 25% from 37%. New tax now at 39%<\/span><\/li>\nLeave encashment now at 25 lac<\/span><\/li>\nNew income tax regime is now the default setting.<\/span><\/li>\nRevenue of 38000 crores will be foregone by tax consolidation.<\/span><\/li>\n<\/ol>\n <\/p>\n <\/p>\n <\/p>\nAnalysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Analysis Follows<\/span><\/p>\n <\/p>\nSuggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Suggestions and value additions are most welcome<\/u><\/span><\/p>\n <\/p>\nFor regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For regular updates, please register here<\/span><\/p>\nSubscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Subscribe<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/iframe><\/p>\n<p> <\/p>\n<p> <\/p>\n<p><u>References and credits<\/u><\/p>\n<p>To all the online sites and channels.<\/p>\n<p> <\/p>\n<p><u>Disclaimer<\/u>:<\/p>\n<p style=\"text-align: justify;\">Information and data included in the blog are for educational & non-commercial purposes only and have been carefully adapted, excerpted, or edited from sources deemed reliable and accurate. All copyrighted material belongs to respective owners and is provided only for purposes of wider dissemination.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p> BUDGET AT A GLANCE 2023-2024 (Click on the link above) Key Features of Budget 2023-2024 (Click on the link above) Personal Income Tax Announcements\u00a0 Budget\u00a0 \u00a02023 People earning up to 7 lakh will not have to pay any tax under new tax regime New tax regime slabs reduced to 5 Standard Deduction … <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2023\/02\/01\/budget-2023-24\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> “318: Budget 2023-24”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,139,326],"tags":[327,328,39],"class_list":["post-5585","post","type-post","status-publish","format-standard","hentry","category-article","category-atmanirbharta","category-budget","tag-budget","tag-growth","tag-india"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=5585"}],"version-history":[{"count":14,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions"}],"predecessor-version":[{"id":8937,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/5585\/revisions\/8937"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=5585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=5585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=5585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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