Union Budget 2022 was presented in Parliament on Monday, February 1st, 2022. Presenting the second digital Union Budget, Finance Minister Smt. Nirmala Sitharaman stated overall, sharp rebound and recovery of the economy is reflective of our country’s strong resilience. India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies.
4 priorities of the Union Budget 2022-23:
The Budget proposals for this financial year rest on following 4 pillars:
- PM GatiShakti
- Inclusive Development
- Productivity Enhancement and Investment, Sunrise Opportunities, Energy Transition and Climate Action
- Financing of Investments
This document summarises the key highlights of the Income Tax Proposals for easy digest.
The Complete Document can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/02/Changes-under-the-Income-Tax-Law_A2Z_Taxcorp_LLP_01_02_2022.pdf