Budget 2022: Twitter has a field day with middle class, crypto tax memes
Income tax rates will remain unchanged for fiscal year 2022-23, Finance Minister Nirmala Sitharaman announced in the Union Budget today in possibly her shortest Budget speech ever.
Standard deduction was also not raised – widely anticipated in view of the elevated inflation levels and impact of the pandemic on the middle class.
The standard deduction currently stands at Rs 50,000. There was no change to income tax slabs in the personal income tax category in the Budget.
Twitter was disappointed and expressed their chagrin with memes as the salaried class got no tax concessions.
Salaried Class to Nirmalaji, waiting for income tax slabs. Budget2022?src=hash&ref_src=twsrc%5Etfw">#Budget2022 pic.twitter.com/9498x6GKN4
#EconomicSurvey NirmalaSitharaman?src=hash&ref_src=twsrc%5Etfw">#NirmalaSitharaman
Meanwhile the Indians who are waiting for #IncomeTax benefits in Budget2022?src=hash&ref_src=twsrc%5Etfw">#Budget2022 be like:- pic.twitter.com/YXHaavdd43
Nirmala sitaraman to middle class tax payers #incometax pic.twitter.com/ZuNGJEDdoY
Salaried People as always #incometax #BudgetSession2022 pic.twitter.com/3p4A00vOO2
#incometax Budget2022?src=hash&ref_src=twsrc%5Etfw">#Budget2022UnionBudget2022?src=hash&ref_src=twsrc%5Etfw">#UnionBudget2022
*IT employee with 5Lpa waiting for Income tax benefits* pic.twitter.com/3OQmq3T7HU
A 30 per cent tax will be levied income from the sale or acquisition of virtual and digital assets such as cryptocurrency, Nirmala Sitharaman announced clearing the air on virtual assets.
Crypto holders after seeing the 30%tax - pic.twitter.com/URXRd8zv59
First Btc Fall 50%. and Now 30% Tax On Crypto Earnings...Crypto Investors Now pic.twitter.com/JDstSq6B9r
30% tax on Crypto and NFT gains!Loss cannot be set-off against any
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