Budget Expectations 2023: What to Expect from Union Budget 2023, All You Need to Know 

Union Budget 2023-24:
Date, Timings

Finance Minister Nirmala Sitharaman will commence the budget speech at 11 am on February 1. She is expected to present the accounting statement for two hours

Budget 2023 Live Speech: Where to watch 

The live presentation of Sitharaman's budget will be available on public broadcaster Sansad TV and Doordarshan. It will also be telecast live by news channels like Aaj Tak, India Today

What middle class
expects from Sitharaman

The income tax benefit is among the major expectations of the middle class. The salaried class wants Finance Minister Nirmala Sitharaman to raise deductions u/s 80C, and hike the standard deduction and home loan deduction limit

Stock investors'
expectations from
Finance Minister

Stock market investors are expecting a uniform tax structure for capital gains which might help taxpayers to have more disposable income

Taxpayers' expectation
from Budget 2023

Low- and mid-income taxpayers are expecting a reduction in taxes. They are also expecting a more rationalised TDS framework to reduce the complexity and compliance burden

Start-ups’ expectations
from FM Sitharaman

Experts say start-ups are expecting a simple and separate tax framework for the sector and for Private Equity and Venture Capital investors

Health sector's
expectation from
Budget 2023   

Pharma industry bodies are expecting Finance Minister Nirmala Sitharaman to promote innovation and R&D with a focus on simplifying regulations for the sector

Assocham expects I-T
exemption till Rs 5 lakh

Industry body Assocham is expecting the FM to raise the income tax exemption limit to Rs 5 lakh from the current Rs 2.5 lakh. The increase will allow people to consume more, thereby boosting growth

Budget 2023: What
industry body expects
for MSMEs

Industry body PHDCCI wants the government to focus on hassle-free loans at affordable rates of interest for the businesses vis-a-vis enhanced liquidity for micro, small and medium enterprises (MSMEs)

Senior citizens'
expectations from
Budget 2023

Senior citizens are expecting Finance Minister Nirmala Sitharaman to increase deduction u/s 80TTB from Rs 50,000 to Rs 75,000 considering inflation. They also want the government to raise the limit for health insurance u/s 80D to Rs 75,000

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Story by: Saurabh Sharma
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