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Tech Budget 2023 Highlights: 10 quick points on how the current budget will impact tech
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The Union Budget for the 2023-24 fiscal was announced by Finance Minister Nirmala Sitharaman today in Parliament. Continuing the paperless tradition, she read out the details of the budget from her tablet for the third year in a row.
While the major highlight from the budget was the hike in capital expenditure and restructuring of the personal income tax slabs and an increased rebate limit to Rs. 7 lakh (meaning people earning up to Rs.
7 lakh annually will not have to pay taxes in the new tax regime), a heavy focus was also placed on new tech initiatives such as Centre of excellence for artificial intelligence (AI, 5G labs and possibly cheaper smartphones. Know the major highlights from the tech side of the budget 2023 in 10 quick points.
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