Will inflation increase or decrease after Budget 2022? read full details

Finance Minister Nirmala Sitharaman may have disappointed those hoping for a change in the income tax structure in the budget, but she has made some things cheaper and some more expensive by changing the customs duty.

Budget 2022

Budget ,Budget 2022, income tax in (Income Tax) Finance Minister Nirmala Sitharaman even if people are expecting a change in the structure (Nirmala Sitharaman) has disappointed, but they did custom duty (Custom Duty) By making changes in it, some things have been made cheaper and some more expensive. So, let us tell you in a minute, after this year’s budget, what things will be expensive for you and which things will become cheap for you. Headphones, earphones, loudspeakers, smart meters, imitation jewellery, solar cells and solar modules will now become costlier.

This will be because the custom duty has been increased on the imported parts used in all these things. Finance Minister Nirmala Sitharaman has announced an increase in custom duty in the Union Budget. Imported cut and polished diamonds, frozen mussels, frozen squids, asafoetida, cocoa beans, methyl alcohol and acetic acid will become cheaper. The Finance Minister has announced to rationalize custom duty on these things.

these things will be cheap

Items imported from abroad like umbrella, imitation jewellery, single or multiple loudspeakers, headphones, earphones, smart meters, solar cells, solar modules, X-ray machines, electronics toys etc. will become expensive from April. Items that will be cheaper by reducing customs duty include frozen mussels, frozen squid, asafoetida, cocoa beans, methyl alcohol, acetic acid, cut and polished diamonds, camera lenses for mobile phones, etc.

The budget proposals will be effective from 1 April 2022. That is, after April, the prices of these things will change.

Let us tell you that Finance Minister Nirmala Sitharaman has presented the Union Budget for the financial year 2022-23 today. This is the fourth budget of the second term of the Modi government. this budget corona pandemic (Coronavirus Pandemic) introduced during the period. Hence, its importance increases. This is also the fourth budget of Finance Minister Sitharaman. In the budget, Finance Minister Sitharaman has also made a big announcement for micro, small and medium industries. The Finance Minister said in his budget speech that the Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs has been extended till March 2023.

read this also: No concrete steps taken to increase revenue in Budget 2022: Moody’s

read this also: Budget 2022: How will the budget affect your income, savings and consumption, understand here in easy language

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