Union Budget 2022 – 2023 : Schedule, timings, expectations
Union Budget 2022 : Hon’ble Finance Minister’s Presentation of Union Budget in the Parliament 01st February 2022 11:00 AM IST. Budget 2022. Budget will be broadcasted live on Lok Sabha TV as well as on social media channels, such as Twitter and Youtube.The final countdown to Budget 2022 Finance Minister Nirmala Sitharaman’s fourth budget has begun, and with this various sections of society, including the taxpayers, common man and the salaried employees, have set their sight on it as they have huge expectations from Budget 2022-23 amid the ongoing Covid-19 crisis.
In Brief Union Budget 2022
Union Budget 2022 Live Streaming, Nirmala Sitharaman Budget Speech Live Updates: The just announced Economic Survey forecasts a 8 per cent to 8.5 per cent growth in FY23. According to the common people in the country, Union Budget 2022-23 should be made keeping the middle-class people in mind amid the post-coronavirus scenario.
Finance Ministry Revenue Collected for January 2022
- ₹1,38,394 crore Gross GST Revenue collected for January 2022
- GST collection crossed ₹1.30 lakh crore mark for the 4th time
- Revenues for month of January 2022 15% higher than GST revenues in Jan. 2021 and 25% higher than the GST revenues in January 2020
Budget 2022 on cryptocurrency
RBI has also highlighted various issues, including financial stability impact of such virtual currencies. The Union government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country’s financial stability, Principal Economic Adviser Sanjeev Sanyal said on Monday. In presently, In India no regulations or any ban on use of cryptocurrency in the country.
Budget 2022 pdf
Budget 2022 pdf download. The Budget Documents will be available after India Budget Presentation. We can download India Budget 2022 pdf aftern1st February 2022 budget speech of Union Finance Minister Nirmala Sitharaman.
India Budget 2022 updates
Government revises FY21 GDP growth to -6.6% from -7.3%. Finance minister Nirmala Sitharaman tabled the Economic Survey for 2021-22 in Parliament. This year’s Economic Survey reverts to a single volume plus a separate volume for the Statistical Appendix.
Real GDP is at Rs 135.58 lakh crore
Real GDP or GDP at constant (2011-12) prices for the years 2020-21 and 2019-20 stands at Rs 135.58 lakh crore and Rs 145.16 lakh crore, respectively, showing a contraction of 6.6 per cent during 2020-21 as compared to growth of 3.7 per cent during 2019-20,” the NSO said in the revised national account data
Budget 2022 Expectations New Tax Regime
80C deduction available up to ₹1.5 lakh a year be revised upwards significantly. To make the optional concessionary tax regime, which came into effect from April 2021, more acceptable, raise the threshold ₹15 lakh income for laying peak 30% tax rate. Corporates are expecting that the entire amount, or an appropriate proportion of expenditure incurred for helping the society and employee welfare during Covid-19 will be allowed as deductible expenditure .
Sector specific concessions for semi-conductor manufacturers with focus on exports is expected. The government is already reviewing 400 customs duty exemptions (as announced in the previous budget). The final list is expected to be proposed as part of the 2022 budget. India Budget 2022-23 might introduce tax-free work-from-home allowances for salaried employees. FM Nirmala Sitharaman may provide some relief to the salaried class in Budget 2022 such as a hike in standard deduction to ₹1 lakh from the current ₹50,000. Separate income tax deduction for Covid-19 treatment.