Finance Minister Nirmala Sitharaman will present the budget on 1 February. Apart from this, this will be the second budget of Sitharaman. Economic survey will be released on 31 January. Explain that the government now presents the same budget, no separate railway budget is presented. Some of the budgets that have been presented in India so far have often been in discussion. In this news, we are telling about some similar budget. For your information, let us tell you that the first budget of India was presented by an Englishman James Wilson on 18 February 1860. The same James was a member of the British Viceroy's Council. The budget of the last government of India formed before independence was presented by Liaquat Ali Khan, besides this budget was from 9 October 1946 to 14 August 1947. Talking about the post-independence budget of India, the first budget of independent India was presented by the then Finance Minister RK Shanmukham Shetty on 26 November 1947. It was an interim budget.
The budget for 1967-68 was first presented to the budget by the Deputy Prime Minister (Morarji Desai), who was also the Finance Minister. This was the first budget of its kind in a special respect. Budget of 1968-69 This budget is also remembered for ending the 'Spouse Allow'. This used to be a means of saving tax. The advantage of this was that both husband and wife saved income tax. After the budget of 1969-70, the price of some products increased sharply, in fact due to being seen as a 'status symbol' in taxes. was increased. Also, imported cars whose duty was increased from 60 to 100 per cent, were brought on par with other luxury items, which were seen as status symbols. The budget for 1970-71 was presented by the woman Prime Minister Indira Gandhi, who was also the Finance Minister at the time.
1971-72 - After this budget, 20 percent tax can be paid on buying tickets in cash. If you pay for the ticket in foreign currency, it will not be taxed. Besides this budget, a new arrangement was made to curb cash deals which had a direct impact on tourists. 1972-73 - In this, a tax of 34.5% has been proposed on the awards earned by solving crossword puzzles. The same budget has not proved to be good for those who love words and literature. 1974-75 - Income tax and surcharge has been reduced from 97.75 per cent to 75 per cent. In this budget income tax structure has been improved. 1975-76 - In this budget, the benefit of incentive bonus scheme was introduced to government employees so that they often do not withdraw money from their provident fund accounts.
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