Finance Bill 2022 PDF in Hindi

Finance Bill 2022 Hindi PDF Download

Finance Bill 2022 in Hindi PDF download link is given at the bottom of this article. You can direct download PDF of Finance Bill 2022 in Hindi for free using the download button.

Finance Bill 2022 Hindi PDF Summary

Dear readers, here we are offering Finance Bill 2022 PDF to all of you. The Finance Bill is proposed by the government for the new financial year so if you want to know about this bill in detail and looking to get it also in pdf format then this article will prove beneficial for you.
As per the government for the assessment year commencing on the 1st day of April, 2022, income-tax shall be charged at the rates specified Part I of the First Schedule and such tax shall be increased by a surcharge, for the purposes of the Union, calculated in each case in the manner provided therein.

Finance Bill 2022 PDF – RATES OF INCOME-TAX

(1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of
April, 2022, income-tax shall be charged at the rates specified Part I of the First Schedule and such tax shall be increased by asurcharge, for the purposes of the Union, calculated in each case in the manner provided therein.
(2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds two lakh fifty thousand rupees, then,—

  • (a) the net agricultural income shall be taken into account, in the manner provided in clause (b) [that is to say,
    as if the net agricultural income were comprised in the total income after the first two lakh fifty thousand rupees of the total income but without being liable to tax], only for the purpose of charging income-tax in respect of the total income; and
  • (b) the income-tax chargeable shall be calculated as follows:—
    (i) the total income and the net agricultural income shall be aggregated and the amount of income-tax shall be determined in respect of the aggregate income at the rates specified in the said Paragraph A as if such aggregate income were the total income;
  • (ii) the net agricultural income shall be increased by a sum of two lakh fifty thousand rupees, and the amount of income-tax shall be determined in respect of the net agricultural income as so increased at the rates specified in the said Paragraph A as if the net agricultural income as so increased were the total income;
  • (iii) the amount of income-tax determined in accordance with sub-clause (i) shall be reduced by the amount of income-tax determined in accordance with sub-clause (ii) and the sum so arrived at shall be the income-tax in respect of the total income:
  • Provided that in the case of every individual, being a resident in India, who is of the age of sixty years or more but less than eighty years at any time during the previous year, referred to in item (II) of Paragraph A of Part I of the First Schedule, the provisions of this sub-section shall have effect as if for the words “two lakh fifty  thousand rupees”, the words “three lakh rupees” had been substituted:Provided further that in the case of every individual, being a resident in India, who is of the age of eighty years or more at any time during the previous year, referred to in item (III) of Paragraph A of Part I of the First Schedule, the provisions of this sub-section shall have effect as if for the words “two lakh fifty thousand rupees”, the words “five lakh rupees” had been substituted.

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Finance Bill 2022 PDF Download Link

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