Hey friends, are you ready for some budget highlights of 2023-24? Get ready to buckle up because there's a lot of exciting news to share!
Let's start with the big one - the income tax limit has been raised to 7 lakhs. But if you're earning more, don't worry - there's still some love for you! There are different tax slabs for different earning ranges - 5% for 3-6 lakhs, 10% for 6-9 lakhs, 15% for 9-12 lakhs, 20% for 12-15 lakhs, and 30% for anything over 15 lakhs.
Next up, we're getting ready for 5G with 100 new labs being set up! And for all the travelers out there, there's going to be a special focus on tourism. The city corporation will now be able to build their own bands. And get ready to soar, because 50 new airports are coming your way!
For our small business owners, there's going to be a boost of 9,000 crores. And for those who hate dealing with paperwork, PAN card will now be accepted as a valid form of identification. The transportation sector is also getting a boost with 75,000 crores for infrastructure.
We're also investing 10,000 crores in urban development and 2.4 crores in the railway sector. And for all the future healthcare professionals, get ready to hit the books because 157 new medical colleges are opening, 140 of which will be nursing colleges.
The savings limit for senior citizens has been raised to 30 lakhs, and women will now get 7.5% interest on savings of 2 lakhs for 2 years. The limit for monthly income accounts has been raised from 4.5 to 9 lakhs. And for all the techies out there, TVs, mobiles, e-cars, and bicycles are going to be cheaper.
And finally, we're setting up 3 new centers for IA. But beware, luxury items like gold, platinum, silver, cigarettes, and kitchen chimneys are going to be pricier.
So there you have it, folks! Get ready for a wild ride with the budget of 2023-24