Budget 2023: New Tax Slabs Welcomed By Netizens With Flurry Of Memes

Nirmala Sitharaman's Budget 2023 speech in Parliament lasted for 86 minutes, her shortest so far.

Netizens welcome new tax slabs ( Image Source :@akbarkazi_/Twitter )

Union Finance Minister Nirmala Sitharaman presented the Budget 2023 in Parliament today. Her budget speech lasted for 86 minutes, her shortest so far. Last year, she clocked 92 minutes, while in 2021, she spoke for an hour and 50 minutes.   

Some major announcements were made by Sitharaman during her fifth consecutive budget presentation. Increasing the tax slab was amongst the much-awaited mega announcement. As soon as the tax slab was increased by the Finance Minister, Twitter was flooded with memes.

Here's a look at some of the popular memes.

1. No income tax upto Rs 7 Lakhs
2. In new regime #Budget2023 pic.twitter.com/ebi3yWhw5e

— Sagar (@sagarcasm) February 1, 2023

Middle Class Ki dua kubool hui!!!!

Tax-Free #IncomeTax Limit is raised to Rs 7 lakh in the new tax regime only. #Budget2023 CNBCTV18 LIVE pic.twitter.com/SBL4Cd4Dnu

— Akbar Kazi (@akbarkazi_) February 1, 2023

Finally ache din for middle class is here😌!
No effective tax upto 7 lakhs!#Budget #incometax #BudgetSession #India pic.twitter.com/DMBXAQCnPT

— Himanshu Nirala (@ihknirala) February 1, 2023

5 Lakh to 7 Lakh. Waah

— Gabbar (@GabbbarSingh) February 1, 2023

#Budget2023 Finally 🥹
Middle Class after seeing new tax slab. pic.twitter.com/dD3ox2OXrk

— UnknownClown (@Thekhatkhat) February 1, 2023

New tax regime : No income tax on income of 7 Lakhs.

Old tax regime : No tax on income of 5 Lakhs + 1.5 Lakhs under 80C + 50K standard deduction = 7 Lakhs
😂#incometax#Budget2023 pic.twitter.com/ioJGQquSQM

— jayBHIMdeep (@JayBhimDeep) February 1, 2023

#Middleclass looking for #IncomeTax benefits in this #Budget.#UnionBudget2023 #BudgetSession pic.twitter.com/AbtS7pditj

— Navdeep Yadav (@navdeepyadav321) February 1, 2023

This was the last full Budget of the Modi Government before the 2024 general elections. From major industries to MSMEs, salaried classes to farmers, and education to healthcare, everyone is eyeing some relief from this Budget.

On Tuesday, Union Finance Minister Nirmala Sitharaman tabled the Economic Survey (2022-23) in Parliament. The Economic Survey 2022-23 has forecast India’s GDP growth for the next fiscal 2023-24 in a broad range of 6-6.8 per cent. Its baseline forecast for real GDP growth is 6.5 per cent.