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Budget 2022 - Personal Finance

Budget 2022 - Personal Finance

Personal Income-tax constitutes about 44% of the direct taxes collection in India and about 22% of the total tax (direct tax, GST etc.) collections for the government.

Union Budget 2022: Wishlist of individual taxpayers

Jan 19, 2022

While the ongoing pandemic has put pressure on the government, these measures may be considered on the personal tax front to provide some relief to the individual taxpayers.

PGIM India Mutual Fund Chief Executive Officer Ajit Menon has requested the government to ease the tax treatment for retirement benefit or pension schemes offered by mutual funds. 

Budget 2022: Govt should ease tax for mutual funds, says PGIM India MF CEO 

Jan 19, 2022

Retirement benefit or pension schemes of mutual funds qualify for tax benefits but each scheme needs to be notified by CBDT separately; blanket eligibility would ease compliance procedures.

The crypto market is expected to touch $241 million by 2030, according to a Nasscom report, prepared in association with WazirX.

Budget 2022: Crypto exchanges seek regulatory clarity

Jan 15, 2022

Amid regulatory ambiguity, crypto exchanges seek clarity including classification of crypto as an asset class and its taxation policies. Here are Budget expectations from the representatives of leading crypto exchanges in India.

Life insurance is a critical component in ensuring the nation's financial protection, noted Prashant Tripathy, MD & CEO, Max Life Insurance

Budget 2022: Insurance sector seeks additional deductions and lower GST

Jan 13, 2022

As the Budget day approaches on February 1, 2022, here are some of the pre-Budget expectations from the leading voices of the insurance sector.

Budget 2022 may extend some relief to the salaried class

Jan 13, 2022

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.