People react with hilarious memes after 30% Tax on crypto assets announced

Budget 2022: Finance minister Nirmala Sitharaman made the announcement today about 30% Tax on crypto assets.

Updated on: Feb 1, 2022, 15:48:26 IST

By Trisha Sengupta

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Union finance minister Nirmala Sitharaman, while presenting the budget today, declared a 30 percent tax on any income from the transfer of virtual digital assets. This is a huge announcement for all the crypto investors and taxpayers, so it didn’t take much time for people to take to Twitter to showcase their reactions to it. Among them, there were many who shared their reactions with memes. Some also did so while using the words 30% Tax – so much so that “30% Tax” is now trending on Twitter.

Budget 2022: A Twitter user shared this meme while reacting to the 30% Tax on crypto assets. (Twitter/@AkVillainn)

We have collected some of the rib-tickling memes that people shared after the announcement.

Here is a Twitter user who shared a picture of Anushka Sharma from the 2018 film Sui Dhaaga to put forth their point:

This person did the same while using a scene from the hit South Korean drama series Squid Game:

Then there is this individual who shared how they feel about the announcement:

Here are some more memes that may make you laugh out loud:

“Any income from virtual digital assets is taxable at 30 per cent,” the finance minister said during the Union Budget today. “There will be no deduction with exception of the cost of acquisition. The TDS is applicable beyond a specified monetary threshold, and the gift of virtual currencies is taxable in the hands of the recipient,” she added.

What are your thoughts on the hilarious memes people posted while reacting to 30% Tax on crypto assets?

ABOUT THE AUTHOR
Trisha Sengupta
Trisha Sengupta works as Chief Content Producer at Hindustan Times with over six years of experience in the digital newsroom. Known for her ability to decode the internet’s most talked-about moments, she specialises in high-engagement storytelling that bridges the gap between viral trends and traditional journalism. Throughout her tenure, Trisha has focused on the intersection of technology, finance, and human emotion. She frequently covers personal finance and real estate struggles in hubs like Gurgaon, Bengaluru, and Hyderabad, while also documenting the unique challenges of the NRI experience. Her work often highlights the movements and philosophies of global newsmakers and personalities like Elon Musk, Mukesh Ambani, Nikhil Kamath, Dubai crown prince, and MrBeast. From reporting on Amazon or Meta layoffs and startup culture to the emergence of AI-driven platforms like Grok and xAI, she provides a grounded and empathetic perspective on the stories shaping our world. When not decoding the internet, Trisha is likely offline: lost in a book, exploring a historical ruin, or navigating the world as a solo traveler. She balances her fast-paced career with family time and a healthy dose of curiosity, currently trading her "human" sources for silicon ones as she masters AI to future-proof her storytelling.Read More

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