Netizens react to New Tax Regime, Increased Tax On Cigarette With Hilarious Memes

Soumyashree February 1, 2023

2 minutes read

As Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament, memes started pouring in on Twitter. Netizens commented on complex topics like tax rebates, customs, and tax incentives through simplistic memes.

The proposal to raise the rebate limit of income earned up to Rs 7 lakh, up from 5 lakh and the exemption limit from Rs 2.5 lakh to Rs 3 lakh was welcomed by a large section of internet users.

Alongside #Budget2023, other hashtags like #middleclass, #notax, #80C, and #cigarette were also trending. This year, one of the most remarkable points from the finance minister’s budget introductory speech was the increased income tax rebate limit from Rs 5 lakh to Rs 7 lakh, along with new income tax slabs under the new tax regime.

On Twitter, many people also commented on the increase in tax on cigarettes which was increased to 16 per cent. While many people appreciated this move, others (presumably smokers) expressed their disappointment through memes. The government taxes products like pan masala, cigarettes, and chewable tobacco products under the National Calamity Contingent Duty (NCCD).

#Budget2023 Finally ?
Middle Class after seeing new tax slab. pic.twitter.com/dD3ox2OXrk

— UnknownClown (@Thekhatkhat) February 1, 2023

When you realise tax slabs have only been reduced in New Tax Regime.#Budget2023 pic.twitter.com/xn7sJbqCPr

— Nimo Tai ?? (@Cryptic_Miind) February 1, 2023

Me feeling happy with Rs 575\- in my account, after Income tax- rebate extended on income from Rs 5 Lakhs to Rs 7 Lakhs.#Budget2023 pic.twitter.com/HSfudD9f7p

— Krishna (@Atheist_Krishna) February 1, 2023

After today’s budget#Budget2023 #NirmalaSitharaman #incometax

Section-80c be like : pic.twitter.com/VM89ueONIT

— Raj Ranpariya (@RajRanpariya2) February 1, 2023

Budget reactions using smileys and meme #Budget2023 pic.twitter.com/ynWNYNeD1E

— Deepak Y (@Ekbyte) February 1, 2023

Every Indian on #Budget2023 pic.twitter.com/rvi4qcT1H5

— Ravi Prasad (RSP) ?? (@Stockstudy8) February 1, 2023

Smokers in every budget:#Budget2023 pic.twitter.com/QYKZjUBCvt

— Prayag (@theprayagtiwari) February 1, 2023

UPSC students looking at the increased syllabus pic.twitter.com/owt6EiwPUn

— Sagar (@sagarcasm) February 1, 2023

*Budget 2023 exists*
Me to my commerce friend #Budget2023 pic.twitter.com/Sa05iYPbnC

— Vivek Gautam (@Imvivek04) February 1, 2023

Cigarette smokers listening to budget waiting to know if prices have increased again.#Budget2023 pic.twitter.com/hzMryjxvad

— Pakchikpak Raja Babu (@HaramiParindey) February 1, 2023

Netflix India also invited followers to come up with names from films and shows to explain Budget 2023.