Finance Minister Nirmala Sitharaman is going to present Indian's most awaited budget for 2023 post pandemic recovery. Wtih India's strong anticipated growth trajectory the bugdet has lot of expectations for Middle class tax payers and overall fiscal investments in various sectors.Indian being the fastest growing economy compared to other world economies the budget needs to provides significant focus on safeguarding India's economy from global slowdown, enhance consumer consumption locally and focus on agricultural profitability.

For salaried individuals, Do you expect Nirmala Sitharaman, India's Minister of Finance, to make changes to the income tax brackets?

At the moment, personal incomes up to Rs 2.5 lakh are exempt from taxation, while those between Rs 2,50,000 and Rs 5,000,00 are taxed at 5%. Earnings between Rs. 5 LPA and7.5 LPA are subject to a 10% tax rate, while those exceeding 15 Lakh salary face a 30% tax rate. 

Experts and analysts predict that the long term capital gains (LTCG) tax will be simplified in 2023 or 2024. Currently, investors must pay an additional 10% in taxes on shares held for more than a year. After being repealed in 2005, the LTCG tax was brought back in 2018 by the BJP government.

• 5 major announcement benefit middle class
• Income upto 5 lakh do not pay any income tax, increase the rebate limit to 7 lakhs from 5lakh in new tax regime. 
• New tax structure by reducing the number by 5 and increase to 3 lakhs.
  • 0-3 Lakh - Nill
  • 3-6 Lakh - 5%
  • 6-9 Lakh 10 %
  • 9-12 Lakh - 15%
  • 12-15 Lakh-20%
  • 15 Lakh + 30% 
• Extend the benefit of standard deduction to 52500 in new tax regime
• Reduce highest surchage rate from 37% to 25%

•  Agritech industry and startup have been given good focus in this budget. An agricultural fund is setup for supporting young enterprenures in agri-tech business and enhance productivity of various agricultural value chain. 
• Launch atma-nirbhar program for diease free hoticultural crops production at 240 crore.
• Priority-2: Reaching the last mile - Primitive vulnarable group has been launched, to improve(PBTG) habitation, health, Nutrition with an investment of Rs 15000 in next three years. 
• Eklavya schools to recruit 800 teachers for such group of peoples to uplift education system
• PM Awas yojna improve by 66% to 79000 crore
• The capital investment increased to 3x(10 lakh crores) when compared to 3.3% of GDP outlay from investment in infrastructure and employment. 
• Railways received 2.2Lakh crore outlay(9-times the outlay made in 2013-14) for this sector. 
• 50 new Airports and helipads for regional connectivity.
• New iniciatives for AI-in-India and make-AI-in-INDIA will be setup to develop cutting edge applications.
• Data governance policies to be launched to protect data of users for digital India.

• To enable more fin-tech services the digilocker server will be expanded. 
• 100 labs to be setup in Engineering institution to improve business program, and innvations.
• PAN to be made mandatory for single business in India

• India plans to be carbon neutral by 2030
• 19700 crore to be invested to promote low carbon consumption and target an annual production of 5MMT by 2023 
• Focus on Renewal energy and alternative usage
• 200 compressed bio-gas plants, 300 community plants for 10000 crore investments.
• CBG mandate for all companies with proper support in bio sector.
• Promote natural farming in next 3 years, 10000 bio-info setup will be created with pesticides manufacturing setup.

• Vehical scraping policy, allocated sufficient funds to scrap old vehicals.
•  

• Formulated National Education policy for skilling and job creation along with business opportunities.
• PM kaushal vikas yojna to be launched for youth in next 3 years.
• The scheme covers coding, AI, robotics, IoT, Drones and other soft skills to be included.
• Facilitate enterprenuship schemes.

• 50 destination will be selected and made in an App
• Every destination to be made as complete package
• Focus on improving street food for better consumption.

• Focus on  Flow of credits to end users
• Enchance investment protection new regulation are being proposed for Banks
• SEBI to be empowered for develop and policies for securities market
• For Investors relaim unpaid dividend and shares will be eased through a portal
• FD for girls to be launched at 7.5% roi
• Max deposits for senior citizen will enchanced from 15 lakh to 30 lakh