The Union Minister of Finance, Nirmala S Sitharaman has released her general budget 2023. In the budget’s general version, several major announcements were announced by the Central Government. A reduction in the tax rates is the most significant announcement. The government eliminated the old tax system. In this process, the finance minister has also stated which items are getting cheaper and which ones are becoming more expensive. Find out which items are cheaper and on which items we will need to spend more.

Things that will become cheap in budget 2023

• Camera lenses and mobile phones are going to be less expensive.
• Silver from the outside will be more affordable
• Things connected to LED TV as well as Biogas will be more affordable.
• Electric toys, cars, and bikes will cost less
• Reduced custom duty on the heating coil

These items will become costly

• Platinum and gold are expensive.
• Cigarettes will cost more. duty will be increased to 16%

Read More: Income upto 7 lakhs will no longer be subject to tax, announced by the finance minister in budget

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