AS INTRODUCED IN LOK SABHA
ON 1ST FEBRUARY, 2023

Bill No. 17 of 2023

THE FINANCE BILL, 2023
A
BILL

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:––

CHAPTER I

PRELIMINARY

Short title and
commencement.

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.

CHAPTER II

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
provided therein.

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