Union Budget 2022 Highlights

Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022 for the financial year 2022-23 in Parliament. As per the budget, the country is expected to grow at 9.27% in the coming years. With a focus on 4 development pillars – productivity enhancement, inclusive development, climate action, and energy transition- the budget 2022 provides a blueprint of the economy from 75 to India at 100.

Read more
Best Tax Saving Plans
  • High Returns

    Get Returns as high as 15%*
  • Zero Capital Gains tax

    unlike 10% in Mutual Funds
  • Save upto Rs 46,800

    in Tax under section 80 C

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get Instant Tax Receipts
Save upto ₹46,800 in Taxes Under Section 80C
+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

The key elements of the Budget that are being strongly observed include, among other things, provident funds, pensions, individual income tax, and spending on healthcare, which has been the most active segment due to the rise in medical claims. The government kept the slabs of income tax unchanged. In addition to this, the tax deduction limit for state government employees’ contribution to NPS increased to 14 % from 10%. Finance Minister announced tax relief for specially-abled persons. Lump-sum and annuity received to guardians or parents attaining 60 years during the lifetime of disabled individuals will be entitled to tax relief. 

Nearly, all the current post offices will come under the core banking process to allow online access to the account and also, the fund transfer between post office bank and commercial bank. Among the big announcements include a slew of initiatives for women. Three schemes (Mission Poshan 2.0, Mission Shakti, and Mission Vatsalya) were introduced to provide integrated development for children and women. 2 lakh anganwadis will be upgraded under this project. In a major push for digital currency, FM stated that the digital rupee will be issued by RBI using a blockchain system in 2022-23. She also added that the income coming from the transfer of any virtual digital asset shall be taxed at a 30 % rate.

Tax Saving Investment
Save Tax Under Section 80C

Income Tax articles

Recent Articles
Popular Articles
Save Taxes with Other Investments Except 80C

21 Apr 2022

As the famous saying goes, Save Money Today, and the Money Will...
Read more
Tax Slabs for Senior Citizens

28 Mar 2022

The Finance Minister of the Government of India announces the...
Read more
Income Tax Above 5 Lakh

16 Mar 2022

Income tax is the tax levied on the income earned by an...
Read more
Cost Inflation Index

22 Feb 2022

We all have read in the school books, never took it seriously as...
Read more
Long Term Capital Gains Tax

22 Feb 2022

To reach an understanding of what exactly long-term capital...
Read more
Tax Saving Investments
Tax Saving Investments are an integral part of one’s life as they offer tax deductions under section 80C or...
Read more
Gratuity Eligibility Before and After Completion of 5 Years
An employee is a person who is hired by an organization to work in a specific field that they have expertise in...
Read more
Income Tax Above 5 Lakh
Income tax is the tax levied on the income earned by an individual through any source and hence is taxable in the...
Read more
SBI PPF Calculator
Public Provident Fund or PPF is a complete Government-backed investment scheme offered to all individuals, both...
Read more
PPF Calculator - How to Calculate PPF
PPF manages to sound like a very complicated term but is not, it’s rather simply known as Public Provident Fund...
Read more
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL