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- Published: February 1, 2023 13:19
New Delhi: Finance Minister Nirmala Sitharaman presenting her fifth Union Budget in the Parliament, made a slew of announces including increasing outlay & allocation in several flagship schemes like PM Awaas Yojana, Indian Railways and others.
The most notable announcement was change in tax slabs under the New Tax regime. In major relief for direct tax payers, those with income upto Rs 7 lakh won’t have to pay any tax while high net worth individuals will also get some relief.
What will become cheaper
# Mobile phones will get cheaper as govt has proposed to cut customs duty on certain raw materials for cell phones
# Television and Lithium batteries will get cheaper, customs duty on open cells of TV panels has been cut to Rs 2.5%
# Customs duty on shrimp feed will be cut, making it cheaper
What will become costlier
# Large number of common kitchen items like electric chimneys are set to get expensive. Customs duty on electric chimney has been doubled from 7.5% to 15%
# Cigarette prices will see a steep hike, as taxes have been raised by 16%
# Import duty on rubber sees major hike, from 10% to 25%
# Gold bars & its accessories will become costlier as customs duty is set to be hiked
Smokers disappointed over cigarette rate hike
As the cigarette prices are set to be hiked after Sitharaman’s announcement, smokers are having a meltdown which is evident from the trend on social media.
A meme fest has begun on Twitter, apparently driven by smokers or their sympathizers. They are sharing memes & funny cut-outs to vent their frustration over another proposed rate hike.
Itc after every budget #cigarettes #itc #Budget2023 pic.twitter.com/lqFo4YLLuc
— Dr. Anish Agarwal (@anishagarwal256) February 1, 2023
After Increase in Rate of #cigarettes
Kabir singh to Lok sabha ?????#Budget2023 #BudgetSession #NirmalaSitharaman pic.twitter.com/7z3an7nnmA— Vaibhav Mishra (@baibhawmishra) February 1, 2023
#cigarettes pic.twitter.com/QEMW2KU2fl
— ?Aishvary Gupta? (@aishvary8) January 25, 2023
cigarettes Pina wale #cigarettes pic.twitter.com/oxO1K7XAex
— Prasun Jha (@jprasun21) February 1, 2023
#cigarettes price hike
All smokers right now ??
?? pic.twitter.com/fUssjSn1SS— Aarbaj Kazi (@KaziAarbaj) February 1, 2023
Nirmala Tai to smokers: pic.twitter.com/brTXAfNpL5
— Prakhar Sharma (@fuck0ff_xz) February 1, 2023