Page 2 of Budget expectations of taxpayers

For individual taxpayers, there is no change in personal income tax rates/ slabs and no additional deductions.

Union Budget 2022: Pay penal tax, update ITR

Two-year window to file revised ITR on paying 25% to 50% penalty tax; LTCG surcharge relief for HNIs.

February 2, 2022 04:50 IST

The step-up in capital expenditure targeted by the Union Budget is enthusing, reinforcing our expectation of a 9.0% real GDP growth in FY23. (Reuters)

Budget 2022 | Sights set on post-pandemic growth: Aditi Nayar, Chief Economist, ICRA

The biggest positive is enhancement in capital expenditure by Rs 1.5 trillion; government’s tax-revenue growth assumption is also encouraging.

Updated: February 2, 2022 10:57 IST

The Government has extended the period of eligibility for start-up taxation by one year, to March 2023, and this is a good step.

The Budget provides a boost to alternative investment funds industry

Funding India’s start-up eco-system and the nex-tgen entrepreneurs is the best way to make sure that “new India” becomes a…

February 1, 2022 20:20 IST

MD & CEO of Indian Bank Shanti Lal Jain called the union budget a growth oriented budget against the backdrop of the pandemic.

Union Budget 2022 seeks to support economic growth momentum, say bankers

The mostly unchanged direct tax regime will give stability to tax environment and showed that the economy is on the…

February 1, 2022 17:31 IST

During the 2016-17 fiscal, the farm credit disbursed stood at Rs 10.65 lakh crore, Verma added.

Union Budget 2022: Govt raises farm credit target to Rs 18 lakh crore for FY23

The government is providing a 2 per cent interest subsidy to ensure farmers get short-term farm loans of up to…

February 1, 2022 17:23 IST

Budget Speech 2022, Union Budget 2022, Nirmala Sitharaman,

Budget 2022 wasn’t great for the common man, say tax experts

It comes as a disappointment for salaried individuals who heavily anticipated a revision of income tax slabs and a lowering…

Updated: February 2, 2022 11:20 IST

Budget Speech 2022, Union Budget 2022, Nirmala Sitharaman, Budget Nirmala Sitharaman

Budget Expectations 2022: How an increase in the 80C limit will affect the salaried

With the rise in salaries, inflation and insurance premium, the Rs 1.5 lakh limit gets exhausted quickly. Hence, there is…

February 1, 2022 10:27 IST

Currently, there are no particular regulations or any ban on use of cryptocurrency in the country. (File/Reuters)

Budget 2022: Govt to take balanced view on cryptocurrency, says Principal Economic Adviser Sanjeev Sanyal

The Reserve Bank has also highlighted various issues, including financial stability impact of such virtual currencies.

January 31, 2022 18:54 IST

It is unclear if Sitharaman will tinker with income tax rates but there is an expectation that the exemption limit of Rs 2.5 lakh will be raised. (File)

Finance Minister Nirmala Sitharaman to boost budget spending to support economic growth

The Budget for the fiscal year starting April 1, 2022 is likely to raise spending on infrastructure to set the…

January 31, 2022 18:49 IST

Economic Survey 2022: Different indicators on employment bounce back after dipping in April-June 2020

The Economic Survey also analyses trends in urban employment using Employees Provident Funds Organisation (EPFO) payroll data.

January 31, 2022 18:33 IST

Permit requirement for electric vehicles has been removed, it added. (File)

Nearly 100 cities see improved air quality as govt takes steps to check pollution, says Economic Survey

About 86 per cent of fund has been allocated for demand incentive so as to create demand for electric vehicles…

January 31, 2022 18:27 IST

The government has budgeted fiscal deficit at 6.8 per cent of GDP in current fiscal ending March 2022. (File)

Economic Survey 2022: Rebound in tax mop up, govt’s agile fiscal approach make headroom for more fiscal support

With the revival of the economy, the Goods and Services Tax (GST) has emerged as a buoyant source of revenue…

January 31, 2022 18:10 IST

The NRP lays down the road map for capacity expansion of the railway network by 2030 to cater to growth up to 2050. (File)

Economic Survey 2022: Railways to see jump in allocation

The economy had contracted by 7.3 per cent in 2020-21 on account of impact of Covid and subsequent nationwide lockdowns…

January 31, 2022 17:54 IST

The government has specified that a SEZ unit facing domestic market will behave like a DTA entity whereas a SEZ unit facing international market will behave as a SEZ unit. (Representative image)

Budget may overhaul SEZ regulation

From easing selling to DTA buyers to introducing more support for zone developers, there is room for significant change.

January 31, 2022 17:44 IST

In April-November 2021, nearly 221 lakh individual demat accounts were added, the Economic Survey for 2021-22 noted. (File)

Economic Survey 2022: Retail participation in equity market rises on buoyant stock market

Market experts said that on an average, 4 lakh new demat accounts were opened every month in 2019-20, which increased…

January 31, 2022 17:33 IST

The Survey also stated that the bank credit growth stands at 9.2 per cent as of 31st December 2021. (File)

Economic Survey 2022: Banks weather economic shock of pandemic so far

Total net profit of PSBs increased from Rs 14,688 crore during the first half of 2020-21 to Rs 31,144 crore…

January 31, 2022 17:27 IST

Unlike growth, which is linear, capacity grows in surges (sawtooth curve) depending on project completion timelines. (File)

Economic Survey 2022: Next 10 years to see very high level of capex in railway sector

Post 2014, a conscious effort was made to improve the railway sector by substantially increasing the capex, according to Economic…

January 31, 2022 17:21 IST

Budget expectations of taxpayers, Budget 2022, Union Budget 2022, rising inflation, Covid-induced lockdowns, job loss, salary cuts, individual taxpayers, populist budget, reduce tax burden, Taxability of Work from Home expenses, standard deduction, 80C deduction limit, PF contribution

Budget expectation 2022 for the salaried

With this year’s budget, the government could enable the salaried class and create opportunities for them to enhance their personal…

Updated: February 1, 2022 08:48 IST

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