Budget 2021 Highlight: Finance Minister Nirmala Sitharaman has presented the Budget 2021 in Parliament yesterday. This ninth budget under the Modi government has special significance it was presented amid the prolonged farmer's protest and coronavirus pandemic.
Moreover, this is also the first paperless and digital budget in the history of independent India.
In her Union Budget 2021-22 which is divided into six pillars has come up with many new schemes and reforms. Moreover, Sitharaman Announces Rs 35,000 cr on Covid-19 Vaccine, Rs 3.05 lakh crore outlay for power sector, Rs 3,768 crore for Census and affordable Housing Schemes for all.
Although there are a large number of items that might become expensive, there are a certain things that will become cheaper at the same time.
Let's know which item got cheaper and which got costlier after the budget 2021.
What becomes Costlier & Cheaper after budget 2021?
What got costlier in budget 2021?
-
Mobile phones
-
Phone charger
-
Power bank
-
Cotton clothes
-
Solar inverter
-
Gemstones
-
Pulses
-
Copper utensils
-
Kabuli chana
-
Urea
-
Auto Parts
What got cheaper in budget 2021?
-
Paint
-
Steel Utensils
-
Electricity
-
Shoes
-
Nylon
-
Gold, silver
-
Insurance
-
Dry cleaning
-
Leather goods
-
Agricultural equipment
Budget 2021 Highlight on Income Tax:
Sitharaman said that the tax system should put a minimum burden on the taxpayers.
However, the Finance minister didn’t announce any change in income tax slab rates.
Relief from filing ITR has been provided to senior citizens aged 75 years or above.
The Budget also had some good news for retired NRIs
The budget also provides GST relief by reducing inverted GST structures. For this, the Government will take the necessary steps, she said.
Moreover, the senior citizens (above 75) earning only pension and interest income from deposits would not be required to file Income Tax Return.
