Income

Budget 2022 Income Tax Plates and Live Rate Changes: New Income Tax Plate Rate for Fiscal Year 2022-23, Revised 2022 Income Tax Plate Rate, Announcement of the income tax Budget 2022 Live Updates

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.

READ ALSO | Live Budget 2022 Updates

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

Live updates

Budget 2022 Income Tax Rates 2022 Live: New Income Tax Rates in India for FY 2022-23, New Income Tax Rates Budget 2022 Live News

Union Budget 2022-23 Live Income Tax Updates Today

Changes to Income Tax Slabs and Rates in the 2022 Budget Live Updates: Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2022-2023 in Parliament today (February 1, 2022). Taxpayers expected a new 2022 income tax bracket to provide relief to many taxpayers, especially seniors. Changes to the income tax calculator rules were also expected in the budget.

According to several experts, FE Online spoke in the run-up to the 2022 budget live, it was expected that the 2022-23 income tax slab would be amended to provide tax relief to employees in the middle income group , employees in the highest income tax bracket can also expect some relief. The Government should also provide relief by increasing the deduction limit under Section 80C of the Income Tax Act and including Covid hospitalization and other related expenses for deduction under the section 80D. Changes in NPS, PPF, are also expected.