Budget 2022: Memes about the middle class and crypto taxes are a rage on Twitter

Finance
By Ananya Jena

Finance Minister Nirmala Sitharaman declared that income tax rates will remain unchanged for fiscal year 2022–23 in what may be her shortest Budget address ever.

The standard deduction was also not increased, which was generally expected given the high level of inflation and the burden of the pandemic on the middle class.

Currently, the standard deduction is Rs 50,000. In the personal income tax category, the budget made no changes to income tax brackets.

The salaried class received no tax breaks, which angered Twitter users, who vented their displeasure with memes.

This is how Twitter responded:

As Finance Minister Nirmala Sitharaman returned to Parliament on February 1 with a computer tablet encased in a classic bahi-khata styled pouch, as she did last year, to present the Union Budget 2022–23 in a paperless mode.

She and her team of officials stood for the typical “briefcase” photo outside her office before travelling to meet the President. She, on the other hand, was carrying a tablet rather than a briefcase in order to present the budget in a digital edition.

She proceeded right to Parliament after meeting the President at Rashtrapati Bhawan, with her tablet safely tucked inside a crimson-coloured sleeve with a golden-colored national emblem engraved on it rather than the briefcase.

 

 

 

Ananya Jena

A student of journalism with a penchant for writing, traveling, and international affairs. Fine art, in my view, is penning and relaying true stories and giving ordinary people a platform to voice their opinions.

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