Boost for various sectors, but middle class taxpayers left in lurch again

  • 01-Feb-2022
  • Boost for various sectors, but middle class taxpayers left in lurch again

Finance minister Nirmala Sitharaman presented the Union Budget 2022, the fourth budget of Modi 2.0, today.

There were a host of measures for a number of sectors, aimed at boosting growth amid high & rising inflation and continuing Covid uncertainties.

There, however, were remarkably few changes to the personal income tax structure in a year that had seen demands from various quarters for some sort of relief or another in times of a pandemic.

Among today's assortment of announcements, the decision to tax receivers of digital asset transfers at a high 30% caught some serious attention.

Aside from that, the announcement of a digital rupee was another big news item in a budget that saw no major populist giveaways.

Here's a sector-wise detailed reading of the various measures the Finance Minister announced today.

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