Budget 2022: Twitter has a field day with middle class, crypto tax memes

Budget 2022: Nirmala Sitharaman presented her fourth consecutive Union Budget today and Twitter was flooded with memes (Image: PTI)

Income tax rates will remain unchanged for fiscal year 2022-23, Finance Minister Nirmala Sitharaman announced in the Union Budget today in possibly her shortest Budget speech ever.

Standard deduction was also not raised – widely anticipated in view of the elevated inflation levels and impact of the pandemic on the middle class.

The standard deduction currently stands at Rs 50,000. There was no change to income tax slabs in the personal income tax category in the Budget.

Twitter was disappointed and expressed their chagrin with memes as the salaried class got no tax concessions.

Here’s how Twitter reacted:

Salaried Class to Nirmalaji, waiting for income tax slabs. #Budget2022 pic.twitter.com/9498x6GKN4

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— Sagar (@sagarcasm) February 1, 2022

#EconomicSurvey #NirmalaSitharaman

Meanwhile the Indians who are waiting for #IncomeTax benefits in #Budget2022 be like:- pic.twitter.com/YXHaavdd43

— Devyani Kohli (@DevyaniKohli1) January 31, 2022

Nirmala sitaraman to middle class tax payers #incometax pic.twitter.com/ZuNGJEDdoY

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— Trippppppyyy (@tripppy21) February 1, 2022

Salaried People as always #incometax #BudgetSession2022 pic.twitter.com/3p4A00vOO2

— Vaibhav Shah (@TweetByVaibhav) February 1, 2022

#incometax #Budget2022#UnionBudget2022

*IT employee with 5Lpa waiting for Income tax benefits* pic.twitter.com/3OQmq3T7HU

— Tweetera (@DoctorrSays) February 1, 2022

Twitter was again not impressed. A 30 per cent tax is similar to tax rates on lottery or game show winnings. They were quick to point out their disappointment with hilarious memes.

Crypto holders after seeing the 30%
tax - pic.twitter.com/URXRd8zv59

— Success TechZ (Gaurav) (@gaurav15706) February 1, 2022

First Btc Fall 50%. and Now 30% Tax On Crypto Earnings...Crypto Investors Now pic.twitter.com/JDstSq6B9r

— Ashish Jain (@Ashishk18573674) February 1, 2022

30% tax on Crypto and NFT gains!
Loss cannot be set-off against any income.
Current market status be like: pic.twitter.com/Qk1dDo3cjS

— Akash Singh (@akkashh_) February 1, 2022

Crypto investors in India after govt levied flat 30% tax on crypto transactions:#cryptocurrency pic.twitter.com/JejXOJbSuA

— Elliot Alderson. (@NotThatElliot) February 1, 2022

Crypto investors after imposition of 30% Tax#cryptocurrency pic.twitter.com/z7oQO38URD

— NFTLORD (@zcapegoatXD) February 1, 2022