Prime Minister Narendra Modi on 1st Feb of 2023 praised the First budget of ''Amrit Kaal'' and tweeted “This will construct a robust foundation for building a developed India. Adding more in his words "This budget will fulfill dreams of aspirational society, poor people, middle-class people, and farmers,”.

The Union Budget of India, presented annually by the Finance Minister, outlines the government's plan for revenue and expenditure for the upcoming financial year.

The income tax slabs were left unchanged by the Union Budget 2022.