#NewDelhi: The Union Budget 2022-23 session will begin on January 31 with a speech by the President in two chambers of Parliament. Union Finance Minister Nirmala Sitharaman will present the Union Budget 2022-23. The budget session started on January 31 and will end on April 6. This news was shared by the news agency PTI. According to media reports, the news came from the Cabinet Committee. The Union Budget 2022 will be presented to the whole country on February 1, 2022. The first part of the Union Budget session will end on February 11. According to sources, the second part will start in about a month. Which will start on 14th March and will end on 6th April.
The needs of the middle class in the forthcoming budget:
In India, the impact of the new variant of Corona Omicron has suddenly increased, and now the forthcoming Union Budget is in the spotlight. India’s middle class wants an increase in income tax exemptions in the forthcoming budget, keeping in mind the impact of corona. For this, they are looking at the upcoming budget with high hopes on the finance minister. According to a Money-Control report, the Additional Secretary General of the Parliamentary Ministry said in a paper that the Rajya Sabha budget session will be held on Monday, January 31. Based on the work of the government, it may end on April 6, i.e. Friday.
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Vivek Bansal, executive director and group CFO of Incred, said that section 80C is applicable for tax exemption. At present the amount is 1.5 lakh rupees. As a result, the middle class in India is demanding an increase in income tax exemptions in the forthcoming union budget. When everyone is facing financial problems again due to the impact of the new variant of Corona Omicron, then that issue needs to be seriously considered. The central government should increase the amount of tax exemptions in the forthcoming budget to relieve the general public from the effects of corona. This will benefit a huge number of people in India. Everyone is eagerly awaiting the impact of the new variant of Corona Omicron. Everyone in the forthcoming Union Budget hopes that the Central Government may take a special decision on tax exemption. So everyone’s bird’s eye view of the upcoming Union Budget 2022-23.
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