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Budget 2022 income tax News

Economic Survey 2022

31 Jan 2022

Budget 2022: What is Economic Survey Of India? All you need to know

Most of us are aware of the annual union budget but do you know what is Economic Survey of India? It is an important annual financial document that is released and presented one day before the Union Budget speech. From its history to its making, here's all you need to know about the Economic Survey of India.

21 Jan 2022

Budget 2022: What Is Wealth Tax & Why Was It Abolished?

The Wealth Tax Act, 1957 was an Act of the Parliament of India that provides for the levying of wealth tax on an individual, HUFs or company. The wealth tax was levied on the net wealth of a person on 31 March of every year. Wealth tax was abolished in the Union Budget (2016–2017) presented by Union Finance Minister Arun Jaitley on 28 February 2016. It was then replaced with an additional surcharge of 2 per cent on the super rich with a taxable income of over 1 crore annually.

20 Jan 2022

Budget 2022: All About Union Budget Rituals & Why They Are Followed By Govt Ahead Of Budget Day

We all have some kind of traditions that we follow, be it out of habit or just faith, that we follow before any important task. Similarly, Union Budget has some rituals and traditions associated with it as well. Watch the full video to know the rituals and the stories behind these iconic rituals.

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