a) Rs 0 to Rs 3 lakh - 0% tax b) Rs 3 to 6 lakh - 5% tax c) Rs 6 to 9 lakh - 10% tax d) Rs 9 lakh to Rs 12 lakh - 15% tax e) Rs 12 lakh to Rs 15 lakh - 20% tax f) Above Rs 15 lakh above - 30% tax

The income tax slabs under the new income tax regime will be as follows:

Government has double the deposit limit  to Rs 30 lakh and Monthly Income Account Scheme to Rs 9 lakh.

Senior Citizen Savings Scheme

Three centres of excellence for artificial intelligence will be established in top educational institutions

There will be a launch of the PM Kaushal Vikas Yojana 4.0 to skill lakhs of youth. The scheme will cover new age courses.

The investment limit under (POMIS) has been raised to Rs 9 lakh from Rs 4.5 lakh.

Post Office Monthly Income Scheme (POMIS)

Three centres of excellence for artificial intelligence will be established in top educational institutions

The government has also announced to provide a 2% interest subsidy to ensure farmers get short-term loans of up to Rs 3 lakh at effective rate of 7% per annum.

Union Budget 2023-24 has announced the legalisation of the permanent account number (PAN) as a single business identification.