Finance Act, 2023

Section Wise [Chapter wise] 

Finance Act, 2023 (PDF file)

 

---

Finance Bill, 2023 

By Clauses [Chapter Wise] 

---

Budget Speech 

FINANCE  BILL, 2023 (PDF)

Amendments to Finance Bill, 2023 before passing the Bill

---

Budget News

Customs and Central Excise Notifications 

Changes in the Customs and Central Excise Explained - Circular

 

Focused Areas - Explanatory Notes

Key Features of Budget 2023-2024

KEY BUDGET 2023-2024

---

---

For Assessment Year 2024-25

Rate of Income Tax / TDS on Salaries and Computation of Income for Advance Tax for FY 2023-24 / Assessment Year 2024-25

TDS - Rates for deduction of income-tax at source during the financial year (FY) 2023- 24 from certain incomes other than “Salaries”.

For Assessment Year 2023-24

RATES OF INCOME-TAX for the PY 2022-23 i.e. AY 2023-24 [As per previous year Budget and comparison with Budget 2023 proposals]

 

---

---

Previous:                                       Next:

Budget 2022-23                      Budget 2024-25 (No.1)

---

Union Budget 2023-24: Finance Act enacts revised tax rates, surcharge bands, withholding rules and new compliance measures. The Finance Act, 2023 prescribes income tax rates and a graduated surcharge structure for AY 2023 24, mandates a four percent Health and Education Cess on tax and surcharge, and provides computation rules where agricultural income is relevant. It amends wide-ranging Income tax provisions-redefining officer titles, adjusting exemptions, introducing an Agniveer Corpus Fund deduction, revising capital gains and acquisition rules, and inserting measures for taxation and withholding on online gaming-while also modifying procedural, GST and customs provisions and empowering rule making for implementation.