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Budget 2023: Here's what Finance Minister Nirmala Sitharaman announced for FY 23-24

Union Finance Minister Nirmala Sitharaman lists things that will become cheaper and costlier in FY24.

Updated on: Feb 01, 2023 1:53 PM IST

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Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for the fiscal year beginning April 1. Her speech outlined which items would become cheaper and which would be more expensive.  (PTI)

Updated on Feb 01, 2023 1:53 PM

Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for the fiscal year beginning April 1. Her speech outlined which items would become cheaper and which would be more expensive. (PTI)

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The government will reduce basic customs duty on seeds used in the manufacturing of lab-grown diamonds.  (PTI)

Updated on Feb 01, 2023 1:53 PM

The government will reduce basic customs duty on seeds used in the manufacturing of lab-grown diamonds. (PTI)

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The budget also proposes to cap deductions from capital gains on investments in residential houses to <span class='webrupee'>₹</span>10 crores.  (File Image)

Updated on Feb 01, 2023 1:53 PM

The budget also proposes to cap deductions from capital gains on investments in residential houses to ₹10 crores. (File Image)

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Custom duty on cigarettes has been increased, said Finance Minister Nirmala Sitharaman.  (File Image)

Updated on Feb 01, 2023 1:53 PM

Custom duty on cigarettes has been increased, said Finance Minister Nirmala Sitharaman. (File Image)

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Customs duty on kitchen electric chimney has also been increased to 15% from 7.5%  (File Image)

Updated on Feb 01, 2023 1:53 PM

Customs duty on kitchen electric chimney has also been increased to 15% from 7.5% (File Image)

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Basic customs duty has been hiked on articles made from gold bars.  (File Image)

Updated on Feb 01, 2023 1:53 PM

Basic customs duty has been hiked on articles made from gold bars. (File Image)

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Basic custom duty rates on goods other than textiles and agriculture have been reduced from 21 to 13.  (AFP)

Updated on Feb 01, 2023 1:53 PM

Basic custom duty rates on goods other than textiles and agriculture have been reduced from 21 to 13. (AFP)

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There will be a cut in customs duty on the import of certain inputs for mobile phone manufacturing.  (Pexels.com)

Updated on Feb 01, 2023 1:53 PM

There will be a cut in customs duty on the import of certain inputs for mobile phone manufacturing. (Pexels.com)

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Customs duty on shrimp feed to promote exports will also be reduced.  (ANI)

Updated on Feb 01, 2023 1:53 PM

Customs duty on shrimp feed to promote exports will also be reduced. (ANI)

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Concessional basic customs duty of 2.5% on copper scrap will continue.  (PTI)

Updated on Feb 01, 2023 1:53 PM

Concessional basic customs duty of 2.5% on copper scrap will continue. (PTI)

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She proposed a relief on customs duty on imports of certain parts of mobile phones, including camera lenses and lithium-ion cells.  (pexels.com)

Updated on Feb 01, 2023 1:53 PM

She proposed a relief on customs duty on imports of certain parts of mobile phones, including camera lenses and lithium-ion cells. (pexels.com)

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