Income Tax Plates 2022 Live, Budget 2022 New Income Tax Plates and Rates in India Live Updates: Taxpayers Await Announcement of Changes in Income Tax Plates and Rates income.
2022 Income Tax Budget Live Updates: Finance Minister Nirmala Sitharaman will present the Union Budget 2022-23 to Parliament today. Taxpayers expect the announcement of changes to income tax brackets and rates. Some experts believe the big bang tax relief may not be announced in the 2022 budget.
However, the 2021-22 economic study tabled in Parliament on Monday January 31, 2022 raises hopes of greater tax relief for all types of taxpayers, including employees, seniors, NRIs and retirees.
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The Economic Survey has listed several taxpayer relief measures the government has taken since the outbreak of the Covid-19 pandemic (read the details here). Now that the economy looks poised to grow rapidly, hopefully the government will improve on last year’s tax announcements.
Finance Minister Nirmala Sitharaman is also expected to announce rules for taxing cryptocurrency income.
Stay tuned for live updates, analysis and explanations on income tax related announcements in Budget 2022