Budget 2021: No relief to salaried class, income tax slabs remain unchanged

WRITTEN BY Abhishek Sharma | Updated: Feb 1, 2021, 01:09 PM IST
Budget 2021

This budget is going to be special in many ways as it is being presented amidst challenges like coronavirus pandemic.

The Union Budget 2021 was presented on Monday by Finance Minister Nirmala Sitharaman. This time, the government's emphasis was on the health sector.

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This budget was special in many ways as it is being presented amidst challenges like coronavirus pandemic.

Latest Updates

  • Mobiles and their chargers, electronic items to get expensive.

  • In a big relief to senior citizens, FM Sitharaman has announced that citizens aged over 75 years will be exempt from Income Tax Returns.

  • Next census to be conducted digitally, says FM

  • Disinvestment of BPCL, Air India, Pawan Hans, IDBI Bank, Container Corporation of India to be Completed in 2021-22.

  • Govt to sell Air India, says FM Nirmala Sitharaman

  • LIC IPO to be launched this year, says FM Sitharaman

  • I have provided Rs 35,000 crores for COVID-19 vaccine in this year 2021-22. I am committed to provide further funds if required: Finance Minister Nirmala Sitharaman

  • For 2021-22, I propose a sharp increase in Capital Expenditure & thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE 2020-21: FM Nirmala Sitharaman

  • Over 13,000 km length of roads at a cost of Rs 3.3 lakh cr has already been awarded under Rs 5.35 lakh cr Bharatmala project of which 3,800 kms have been constructed. By March 2022 we'd be awarding another 8,500 & complete an additional 11,000 kms of National Highway Corridor: FM

  • FM announces Rs 64,180 crore new Atmanirbhar Health Scheme.

  • The budget proposals for 2021-12 rest on six pillars —health & well-being, physical & financial capital & infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation & R&D, Minimum Govt & Maximum Governance: FM Sitharaman

  • Govt to commit more funds for health sector as needed: Sitharaman

  • Health scheme to be launched with rupees 641.8 billion outlay: Sitharaman

  • Sitharaman says contraction in the economy due to global pandemic.

  • Sitharaman says govt fully prepared to support, facilitate economic reset.

  • Expect two more COVID-19 vaccines soon, says FM Sitharaman

  • FM Nirmala Sitharaman begins Union Budget 2021-22 presentation

  • Delhi: Union Cabinet approves the Union Budget 2021-22 that will be presented by Finance Minister Nirmala Sitharaman in the Parliament.

  • Delhi: Union Cabinet approves the Union Budget 2021-22 that will be presented by Finance Minister Nirmala Sitharaman in the Parliament.

  • For the first time ever, the Budget will be paperless this year due to COVID. It will be available for all as a soft copy, online.

  • Departing from the usual practice, the Finance Minister will present and read out the Union Budget 2021-22 at the Parliament through a tab, instead of the traditional 'bahi khata'.

  • Dressed in a red and cream colour saree, accompanied by Thakur and other officials from her ministry at North Block, the Finance Minister was seen carrying a tablet kept inside a red coloured cover with a golden coloured national emblem embossed on it.

  • Ahead of the budget presentation, cabinet's meeting begins.