People are seen watching Finance Minister of India Nirmala Sitharam announce the Union Budget at Parliament on TV, as seen in Kolkata. Finance minister Nirmala Sitharaman announced today the Union Budget for fiscal year 2023 - 24. In the budget, income tax slab has been revised where no tax to be deducted for salaried income upto 7 lakhs. Mobile phones and Camera are to get cheaper. Custom duty has been reduced to 13 % , cigarette prices to be increased. Railways received Rupees 2.4 lakh crores, the highest in any budget till date according to report.