The aim is to bring socioeconomic and financial inclusion of every citizen of India. With these target, Modi government had set on in converting corporeal agrarian country to digital Bharat.
If Personal Income Tax (PIT) is done away with, not only more than 6 Crore people will have freedom from the burden of submitting the annual ITRs for which now the last date has further been extended from 31st December 2021 till 31st March 2022 but even the organizations complying with the TDS will also be free from the burden of collecting, remitting and submitting various returns if PIT is shelved.
The only remarkable change in the current Budget is towards personal income tax structure which includes inclusion of new provision of one-time window to correct omissions and mistakes made while filing Income Tax Returns (ITRs).
उत्तराखंड में स्वास्थ्य सुविधा को दुरुस्त करने के लिए, जीवन की गुणवत्ता को बेहतर करने के लिए भी इस बजट में घोषणा करी गई है। गांवों तक इंटरनेट सुविधा का विस्तार किया जाएगा।
The budget is estimated at Rs.39.45 lakh crores. Allotment to various sectors was done mainly aimed at job creation & welfare of poor. Fiscal deficit was pegged at 6.4%.