Personal Finance

Budget 2022 introduces taxation on cryptocurrencies.

Updated : Feb 1, 2022

Dear Indians, value of cryptocurrencies you hold is now down by 30 per cent as govt moves to take its cut

Finance Minister Nirmala SItharaman announced in Budget 2022 that income in cryptocurrencies will be taxed at 30 per cent. Here is all you need to know.

There was no change income tax slabs in the personal income tax category in the Budget unveiled on Tuesday.

Updated : Feb 1, 2022

No change in personal income tax rates in Budget 2022

The standard deduction currently stands at Rs 50,000.

Cryptocurrency exchanges including Wazir, CoinDCX, Zebpay have welcomed the tax announceemnts on virtual digital assets at 30%

Updated : Feb 1, 2022

Budget 2022: Crypto tax signals acceptance of virtual assets, say exchanges

While the legal experts have stated that the announcement made by the Union Finance minister, Nirmala Sitharaman of taxing keeping the taxation rate for virtual digital assets at 30 per cent will discourage crypto transactions, the industry players have welcomed the move.

Updated : Feb 1, 2022

LTCG surcharge capped at 15%! Here's what experts want you to know

Finance Minister Nirmala Sitharaman presented the Union Budget 2022 on Tuesday. She announced that the surcharge on the long-term capital gains (LTCG) has been capped at 15 per cent.

The focus on climate-related initiatives in the budget signals the government's broadening commitment towards achieving net-zero carbon emissions by 2070.

Updated : Feb 1, 2022

Budget 2022 lacks major steps for enhancing revenue to off-set spending: Moody's

The budget underscores government’s previous emphasis on capex to sustain near-term recovery from the pandemic, while simultaneously paving the way for longer-term restructuring of the economy, Moody's stated.

Budget's proposals on taxation will be closely watched.

Updated : Feb 1, 2022

Budget 2022: What impact will it have on taxation and PF withdrawals?

This year proposals on taxation and PF withdrawals will have a huge impact on consumer sentiment and the economy as a whole, especially with rising inflation.

Updated : Jan 31, 2022

Budget 2022: Key expectations of taxpayers from FM Sitharaman

The taxpayer, in hopes of emerging out of the financial struggles, is expecting certain changes in the tax regime, elaborates Archit Gupta, founder and CEO of Clear.

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Updated : Jan 25, 2022

Budget 2022 may extend some relief to the salaried class

With just about a fortnight to go for the upcoming Union Budget 2022-23, expectations among Indian taxpayers are rising with respect to some relief on taxes or a relief from the rising expenses amid high inflation and the impact of the pandemic. Will the government provide some relief to the salaried class? Sakshi Batra gets you what's on the wishlist.