The central government has also given these 5 shocks in the budget, the effect will be gradually.

image source : Financial express

 Finance Minister Nirmala Sitharaman presented the budget for the financial year 2021-22. The budget 2021 that came in the midst of the Kovid 19 epidemic gave a clear indication that the country will move forward only on 'healthy India' and 'strong foundation'. Spending has to be done to accelerate the economy, this is clear from the way the government has set the target of fiscal deficit. No new tax was imposed in the budget of the Finance Minister, which has a negative effect on investors, businessmen or taxpayers. This was the reason that the stock market also appeared to bomb and the wealth of investors increased by Rs 6.8 lakh crore in a single day. The Finance Minister took the initiative to give an important message to farmers by increasing the form credit limit to Rs 16.5 lakh crore. However, the wait for salaried taxpayers increased by one more year. That is, no relief was given to the taxpayers' pockets.

Finance Minister Nirmala Sitharaman has presented a total budget of Rs 34,83,236 crore for 2021-22. This is only slightly higher than the revised estimate of Rs 34,50,305 crore for the current financial year. The capital expenditure in this is Rs 5,54,236 crore, which is more than the revised estimate of Rs 4,39,163 crore for 2020-21. According to the budget document, the expenditure on the revenue account is estimated at Rs 29,29,000 crore, while according to the revised estimates for 2020-21, the expenditure has been shown to be Rs 30,111,42 crore.

The Finance Minister enumerated the names of 6 pillars in the budget, Health and Welfare, Physical and Financial Capital, and Infrastructure, Inclusive Growth for Aspiring India, Communicating Innovation in Human Capital, Innovation and R&D and Minimum Government and Maximum Governance. . No significant relief has been announced to the income tax payers in the budget. There is no change in the income tax slab. However, senior citizens who are more than 75 years old and have income from pension and deposits, then announced exemption from their income tax returns.