Taxes, incentives, reforms: How to read this year's Budget document

What taxpayers, senior citizens and investors should look out for in the Finance Minister's speech

Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 in Parliament on February 1. The Budget is a statement of the government’s estimated receipts and expenditures for a fiscal year (April 1 to March 31). It’s divided into Revenue and Capital Budget. The Revenue Budget includes the government’s revenue receipts and expenditures while the Capital Budget includes its capital receipts and payments.

Plan your finances in line with changes

People need to understand the Union Budget and then factor in the relevant changes into their financial and tax planning at the start of the financial year.