Budget 2023: What is the industry expecting & what should you expect?

Finance Minister Nirmala Sitharaman is all set to present the Union Budget come February 1. Expectations and hopes are aplenty, be it the domestic population seeking tax sops or international companies looking to tap into the manufacturing potential of the country. Investors and taxpayers both want additional tax benefits and lower tax rates. The government may raise the income tax exemption level from the current Rs 2.5 lakh in the budget.