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While the Union Budget 2023-2024 touches several key sectors, the income tax relief, new tax regime and cigarette cost grabbed major attention of everyone, especially people on Twitter who were confused whether to rejoice over relief in income tax or cry over rising prices of cigarettes in India.
Despite the limited knowledge in finance and market, the picture was still very clear for citizens in India who pinned no high hopes with the Budget 2023. Even before the Union Finance Minister, Nirmala Sitharaman, presented the Union Budget 2023-2024 on Wednesday (February 1), where she has made several announcements, the hashtags on 'income tax', 'middle class' and 'budget' were trending on Twitter.
As the Finance Minister's long-awaited speech finally came to an end earlier this afternoon, the curiosity on the micro-blogging platform was quickly replaced with disappointing laughter as people took a dig at the Budget 2023.
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As some cheered Sitharaman’s announcement to exempt income tax to those who earn up to Rs 7 lakh annually, others shared memes over the finance minister’s announcement revealing the new tax regime will be the default one.
Sitharaman on Wednesday (February 1) said the new Budget hopes to build on the foundation of the previous budget and blueprint for India@100. This is the first Budget in Amrit Kaal, the FM said.
Budget 2023-24 Social Media Reactions: As Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament, which was the last full-term budget of Modi 2.0 government. Memes on budget 2023 have flooded on social media especially on Twitter. #Budget 2023 and #Income tax were top trends on Twitter along with #Nirmala Sitharaman amid the high expectations of Middle class.
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As FM Nirmala Sitharaman announced to hike the rate of cigrattes, memes started flooding on Twitter from netizens showing the blow they felt after the annoucement. #cigrattes started trending on Twitter with twittartis expressing their emotions afte budget annoucement of 16% hike in tax on cigrattes.
Nirmala Sitharaman has announced to bring new Tax regime that will bring a huge relief to tax payers. There is an tax exemption up to Rs 7 lakh under the new tax regime. Along with that, Capital investment outlay being increased by 33% to Rs 10 lakh crores, which would be 3.3% of GDP:
Finance Minister Nirmala Sitharaman presented the Union Budget for the year 2023 in the parliament today. It prompted many to take to Twitter to share their reactions. People posted different tweets with the hashtag #Budget2023, including those who showed their reactions by sharing hilarious memes and funny posts.
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