AS INTRODUCED IN LOK SABHA
ON 1ST FEBRUARY, 2023
Bill No. 17 of 2023
THE FINANCE BILL, 2023
to give effect to the financial proposals of the Central
Government for the financial year 2023-2024.
BE it enacted by Parliament in the Seventy-fourth Year of the
Republic of India as follows:––
Short title and
1. (1) This Act may be called the Finance Act, 2023.
(2) Save as otherwise provided in this Act, sections 2 to 122
shall come into force on the 1st day of April, 2023.
RATES OF INCOME-TAX
Income-tax. 2. (1) Subject to the provisions of sub-sections (2) and (3), for
the assessment year commencing on the 1st day of April, 2023,
income-tax shall be charged at the rates specified in Part I of the
First Schedule and such tax shall be increased by a surcharge, for
the purposes of the Union, calculated in each case in the manner
Download full FINANCE BILL = finance_bill 2023