JOIN USInfographic | How Karnataka's tax break-up looks
Karnataka Chief Minister B S Yediyurappa on Monday announced a slew of measures and allocations in the state Budget. Congress MLAs staged a walkout during the tabling of the budget for 2021-22 by Chief Minister B S Yediyurappa, claiming that the BJP had no rights to continue in power.
The pandemic-induced economic crisis was written all over the 2021-22 Budget, which was a revenue deficit one, as Yediyurappa tried to offer something for everybody with whatever is available.
In the Budget, the CM has not announced any new taxes or reduced them. Fuel prices are set to remain the same after the CM announced that new taxes will not be levied.
During the Budget Speech, he said, "I am not willing to put the burden of additional taxes on the common people. State Government levies Karnataka Sales Tax (KST) on petrol and diesel. This is already lesser compared to other southern states. Despite this, in the 2021-2022 Budget, no taxes including Karnataka State Tax on petrol and diesel has been increased and Budget has been formulated in such a way so as not to increase the financial burden on the common man."
Here is a look at how Karnataka's tax break-up:
