Catch the Budget 2022 Highlights

Union Budget 2022 LIVE Stream

Budget 2022 Overview

Union Budget 2022 Announced by

Nirmala Sitharaman (Minister of Finance)

Submitted to

Parliament of India

Budget 2021 date

1st Feb 2022

Party

Bharatiya Janata Party

Finance minister

Nirmala Sitharaman

Union Budget 2022-23, 1st February 2022

  1. The Union Budget of India is going live paperless, for the first time ever 
  1. Honourable Finance Minister is presenting the budget on Lok Sabha TV channel, live streaming also available on 
    1. Youtube Channel – https://youtu.be/W8EuS_G5_bg 
    2. Twitter Handle – https://twitter.com/FinMinIndia
    3. Facebook Live – https://www.facebook.com/finmin.goi/
  2. It is being expected that the budget is focused on bringing relief to Covid-19 affected families. 
  3. Expecting an increase in the standard deduction for the salaried class. 
  4. Expecting an announcement for the increase in the basic exemption limit for the Income Tax. 
  5. Hopeful about benefits in the healthcare and medicine sector due to the ongoing pandemic. 
  6. A lower GST rate in raw materials to the SMEs and MSMEs is being expected. 
  7.  Hopeful about more benefits to start-ups under Section 80 – IAC. 
  8.  Awaiting a clarity between the old tax regime and new tax regime. 

FAQ’s on Union Budget 2022

When will the new budget 2022-23 be implemented?

The Budget 2022 will be implemented from 1st April 2022.

What is the total budget of India 2022-23?

The total budget of India for the Financial Year 2022-2023 is expected to be around INR 40 trillion.

What are the three types of budgets?

There are three types of budget, viz; a balanced budget, a surplus budget, a deficit budget.

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