The fifth budget under Modi 2.0 was unveiled on Wednesday by Union Finance Minister Nirmala Sitharaman. The Indian economy is on the right track and is poised for a bright future, according to Nirmala Sitharaman, who made this statement in the final comprehensive budget before the general elections next year. Sitharaman highlighted significant modifications to the tax slabs under the new tax regime as well as a significant increase in funding for railways and capital expenditures, which will greatly benefit taxpayers and the economy. The following is a full reading of the numerous initiatives Finance Minister Sitharaman unveiled in the Budget 2023, broken down by sector: Income taxes Payers: The previous tax system has not changed. The new tax system will take precedent over all others. The old tax system is still an option for citizens, though. In the new tax law, there is no tax on income up to Rs 7.5 lakh per year (with inclusion of standard deduction) In the new tax system, the gov