Budget 2022: Why didn't government change personal income tax rates? FM Sitharaman answers
2 years, 10 months ago

Budget 2022: Why didn't government change personal income tax rates? FM Sitharaman answers

India TV News  

Highlights Sitharaman did not raise the standard deduction Concessional rate of 15 per cent has been extended by one year for newly incorporated units The basic personal tax exemption limit in the personal income tax was last revised in 2014 There was no change in the personal income tax slabs in the Union Budget 2022-23 unveiled on Tuesday by Finance Minister Nirmala Sitharaman. Speaking to reporters later, Sitharaman explained why the government didn't tinker with the personal income tax category. The basic personal tax exemption limit in the personal income tax was last revised in 2014. Notably, personal income tax is one of the most keenly awaited announcements in the Budget every year.

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History of this topic

Can you expect major income tax changes in Budget 2025? Check details
1 month, 1 week ago

Can you expect major income tax changes in Budget 2025? Check details

India Today  

The Union Budget 2025-26 is set to usher in a new era of tax simplification in India, with the Finance Ministry working on comprehensive reforms to streamline the income tax system. The proposed reforms focus on three key areas: simplifying tax structures, expanding the tax base, and balancing revenue generation with taxpayer relief. SIMPLER TAX FILING Building on the success …

Union Budget 2024 reforms of the new tax regime may reduce tax burden and allow option to choose again
5 months ago

Union Budget 2024 reforms of the new tax regime may reduce tax burden and allow option to choose again

Hindustan Times  

Finance Minister Nirmala Sitharaman presented the Union Budget 2024 in the parliament on July 23, proposing new changes in the income tax slabs of the new tax regime. Nirmala Sitharaman pictured at the Lok Sabha on July 23, with the Union Budget What are the latest income tax slabs in the new tax regime? Up to ₹3 lakh: NIL ₹3-7 …

Budget 2024: These 4 TDS changes announced by Nirmala Sitharaman will impact you
5 months ago

Budget 2024: These 4 TDS changes announced by Nirmala Sitharaman will impact you

Hindustan Times  

Finance minister Nirmala Sitharaman announced changes in the Tax Deducted at Source framework which will impact salaried individuals. The tweaks will impact disposable income and streamline tax processes, the Finance minister announced, adding, "A beginning is being made in the Finance Bill by simplifying the tax regime for charities, TDS rate structure, provisions for reassessment and search provisions and capital …

New income tax regime: Check how much tax you will pay now
5 months ago

New income tax regime: Check how much tax you will pay now

India Today  

Finance Minister Nirmala Sitharaman announced key changes to the New Income Tax regime, tweaking tax slabs and increasing the standard deduction. Read Full Budget 2024 Coverage The Finance Minister highlighted that over two-thirds of tax filers chose the new personal income tax regime in the last fiscal year. New Tax Regime after revision The revised tax slabs under the New …

Budget 2024: How the changes in new tax regime will benefit the salaried, explained
5 months ago

Budget 2024: How the changes in new tax regime will benefit the salaried, explained

Hindustan Times  

Salaried income taxpayers shifting to the new tax regime stand to save up to ₹17,500 in income tax, finance minister Nirmala Sitharaman announced in presenting the Union budget 2024. The finance minister announced increased standard deduction for those opting to file their tax returns under the new regime and also widened the tax slabs to give relief. Increase in the …

Old vs proposed income tax slabs under new regime. What has changed?
5 months ago

Old vs proposed income tax slabs under new regime. What has changed?

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday proposed a new tax structure under the new regime. Budget 2024: Mobile phones, chargers to get cheaper; Nirmala Sitharaman proposes cut in customs duty The new tax slabs under the new income tax regime will be effective from April 1, 2024.. Proposed Tax Structure: Income up to ₹ 3,00,000: Nil 3,00,000: Nil ₹ …

Budget 2024: Income tax slabs changed, standard deduction increased. Read details
5 months ago

Budget 2024: Income tax slabs changed, standard deduction increased. Read details

Op India  

On Tuesday, Finance Minister Nirmala Sitharaman presented the Annual Financial Statement before the Lok Sabha. The Finance Minister has given relief to taxpayers who choose to opt for the New Tax regime as the tax slabs have been revised and the Standard deduction limit has been increased from Rs 50,000 to Rs 75,000. Personal Income Tax: The Union Finance Minister …

Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged
5 months ago

Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged

The Hindu  

Finance Minister Nirmala Sitharaman in her seventh Budget speech on July 23 revised the tax slabs under the new regime. Whilst the rate of taxation remains unchanged, the size of each of the slabs, excluding the initial zero to ₹3 lakh, remains unchanged. Budget 2024-25: Taxes Earlier, the Finance Minister further placed increasing the standard deduction for salaried employees from …

What Budget means for taxpayers: 10 points
5 months ago

What Budget means for taxpayers: 10 points

Hindustan Times  

Finance Minister Nirmala Sitharaman on Tuesday announced a major relief for the subscribers of the new income tax regime. Nirmala Sitharaman announced the government has increased the income tax standard deduction for those who opted for the new regime. "For those opting for the new tax regime, the standard deduction for salaried employees to be increased from ₹ 50,000 to …

Income Tax Budget Highlights: Govt proposes tax cuts, more standard deduction
5 months ago

Income Tax Budget Highlights: Govt proposes tax cuts, more standard deduction

Hindustan Times  

New Tax Regime LIVE updates: Union Finance Minister Nirmala Sitharaman presents the Union Budget 2024-25 in Lok Sabha, in New Delhi, Tuesday, July 23, 2024. New Tax Regime Highlights: Union finance minister Nirmala Sitharaman presented her seventh consecutive Budget amid expectations from the middle class for relief at the tax front. Moreover, the efficiency of tax collection has improved over …

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?
5 months ago

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?

India Today  

Finance Minister Nirmala Sitharaman is all set to present the full Budget 2024 on July 23. With various sectors anticipating significant announcements, salaried taxpayers are particularly hopeful for major income tax relief, including changes in the new income tax regime and standard deductions. Despite positive expectations for the budget, significant tax relief for the middle class may not materialise. Sandeep …

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?
5 months ago

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?

Hindustan Times  

The Union Budget 2024 could provide Income Tax relief for low earners looms large amid rising prices in the country. Experts believe that a reduction in Income Tax could address economic challenges in the country as Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on July 23. This change would boost consumption, …

Budget 2024: Finance minister Nirmala Sitharaman to increase income tax exemption limit?
6 months ago

Budget 2024: Finance minister Nirmala Sitharaman to increase income tax exemption limit?

Hindustan Times  

Finance Minister Nirmala Sitharaman may increase income tax exemption limit in the upcoming Budget 2024 which is the first for the third term of the PM Modi Government. News agency Reuters reported that the first full-fledged Budget 2024 of Modi 3.0 may relieve taxpayers as the government is considering reducing income tax rates for specific groups of individuals. The government …

Budget 2024: No change in direct taxes. What does it mean for India's middle class?
10 months, 3 weeks ago

Budget 2024: No change in direct taxes. What does it mean for India's middle class?

Hindustan Times  

Union finance minister Nirmala Sitharaman on Thursday said that the government won't propose any changes to taxation and will retain the same tax rates for direct taxes and indirect taxes including import duties. Finance Minister Nirmala Sitharaman chose not to increase, or decrease, income tax liability on the middle class. "Keeping with the convention, I do not propose to make …

How much average processing time of ITR reduced in 10 years? Sitharaman reveals
10 months, 3 weeks ago

How much average processing time of ITR reduced in 10 years? Sitharaman reveals

Hindustan Times  

Union finance minister Nirmala Sitharaman on Thursday underscored the government's steadfast commitment to enhancing taxpayer services as she highlighted a transformative shift in tax assessment methodologies over the past five years. Union Finance Minister Nirmala Sitharaman presents the Interim Budget 2024 in the Lok Sabha, at Parliament House in New Delhi, Thursday, Feb. 1, 2024. One of the standout achievements …

No changes in income tax rates, slabs, announces Nirmala Sitharaman
10 months, 3 weeks ago

No changes in income tax rates, slabs, announces Nirmala Sitharaman

Hindustan Times  

Finance minister Nirmala Sitharaman on Thursday announced no change in the existing tax regime -- both direct and indirect. For taxpayers, there will be no relief as income tax rates and slabs remain the same in the interim budget that Nirmala Sitharaman presented ahead of the Lok Sabha election 2024. "I propose to retain the same tax rates for direct …

Income Tax Budget Highlights: Salaried class 'disappointed,' says this expert
10 months, 3 weeks ago

Income Tax Budget Highlights: Salaried class 'disappointed,' says this expert

Hindustan Times  

New Delhi: Union Finance Minister Nirmala Sitharaman, carrying a folder-case containing the Interim Budget 2024, arrives at Parliament House complex to present the budget, in New Delhi, Thursday, Feb. 1, 2024. Union Ministers of State for Finance Pankaj Chaudhary and Bhagwat Karad are Income Tax Budget 2024 Highlights: Union finance minister Nirmala Sitharaman on Thursday unveiled budget for the financial …

Budget 2024: Taxpayers can expect this announcement on February 1
10 months, 3 weeks ago

Budget 2024: Taxpayers can expect this announcement on February 1

India Today  

The Interim Budget 2024-25 will be presented by Finance Minister Nirmala Sitharaman on February 1 and experts indicate that major tax changes are unlikely. On interest on income tax refund, he said the AIS captures income tax refunds along with associated interest, there is room for improvement. However, in case the interest from income tax refund is not subject to …

Interim Budget 2024: Will new income tax regime get another makeover?
10 months, 4 weeks ago

Interim Budget 2024: Will new income tax regime get another makeover?

India Today  

As Finance Minister Nirmala Sitharaman gears up to announce the Interim Budget 2024-25, the new income tax regime is in focus again. Deduction for interest on housing loans Salaried individuals with housing loans are cautious about shifting to the new tax regime due to the potential loss of home loan interest deductions. Abhishek Soni suggests that extending the deduction for …

Income Tax Day 2023: Nirmala Sitharaman to lead the celebration today
1 year, 5 months ago

Income Tax Day 2023: Nirmala Sitharaman to lead the celebration today

Live Mint  

On the occasion of 164th Income Tax Day celebrations, Finance Minister Nirmala Sitharaman will join the celebration at Plenary Hall, Vigyan Bhawan, New Delhi on Monday. @nsitharaman will preside over the 164th Income Tax Day celebrations in the presence of Union Minister of State for Finance Shri @mppchaudhary, tomorrow, 24th July 2023, from 18.00 Hours IST onwards at Plenary Hall, …

Unless we get into technology, system cannot be taxpayer friendly: Finance Minister Nirmala Sitharaman
1 year, 5 months ago

Unless we get into technology, system cannot be taxpayer friendly: Finance Minister Nirmala Sitharaman

India TV News  

Finance Minister Nirmala Sitharaman on Monday addressed the 164th Income Tax Day event in Delhi. Over 5.16 cr declared zero tax liability: Sitharaman in Lok Sabha Earlier while speaking in the Lok Sabha today, the finance minister said number of entities, including individuals, who filed income tax returns increased by 6.18 per cent in 2022-23 to over 7.40 crore, of …

Budget 2023: What are the changes in new tax regime? Expert explains
1 year, 10 months ago

Budget 2023: What are the changes in new tax regime? Expert explains

Hindustan Times  

Union finance minister Nirmala Sitharaman said the new tax system will be the default, with the old system remaining an option. Presenting the last full budget of the Narendra Modi government before the 2024 Lok Sabha election, Sitharaman raised the income tax rebate cap under the new tax system from ₹5 lakh to ₹7 lakh. Hindustan Times spoke to Abhishek …

Sitharaman Interview Highlights: Indian Tax System Shouldn't be Seen as Too Harsh, Says FM
1 year, 10 months ago

Sitharaman Interview Highlights: Indian Tax System Shouldn't be Seen as Too Harsh, Says FM

News 18  

Nirmala Sitharaman Exclusive Interview to News18 LIVE Updates Union finance minister Nirmala Sitharaman on Friday credited people of India for?standing with the decisions of the government?. The finance minister said that she expects 50-55 per cent of taxpayers to shift to the new exemption-free tax regime. New income tax slabs 2023-24: Up to Rs 3 lakh income there is 0% …

Union Budget 2023-24: Modi government tweaks tax provisions to make new tax regime attractive
1 year, 10 months ago

Union Budget 2023-24: Modi government tweaks tax provisions to make new tax regime attractive

Firstpost  

The intent of the government is to make the new tax regime more attractive to salaried and small taxpayers. The intent is also to relieve small taxpayers from all hassles of tax planning using investment schemes in order to reduce tax liability The Union Budget 2023 has amended tax slabs for the new tax regime and has increased income tax …

Budget 2023: New vs Old Income Tax Regime
1 year, 10 months ago

Budget 2023: New vs Old Income Tax Regime

News 18  

Union Budget 2023 has amended income tax slabs for the new tax regime and has increased rebate under Section 87A for the new regime for income up to Rs7 lakh. While these amendments have been made in the new tax regime, all tax slabs and rebates under Section 87A for income tax assesses opting for the old tax regime remain …

Budget 2023: New tax regime to be default; who will benefit from it?
1 year, 10 months ago

Budget 2023: New tax regime to be default; who will benefit from it?

Hindustan Times  

Union Finance Minister Nirmala Sitharaman announced that the new tax regime will become the default tax regime, while the old will remain an option. Tabling the budget in parliament on Wednesday, Sitharaman also revised the income tax rebate limit under the new tax regime from ₹5 lakh to ₹7 lakh. New tax regime Old tax regime ₹ 0-3 lakh - …

New income tax regime overhaul, Rs 2.4 L cr for railways among 5 big announcements by FM Niramala Sitharaman
1 year, 10 months ago

New income tax regime overhaul, Rs 2.4 L cr for railways among 5 big announcements by FM Niramala Sitharaman

India Today  

Union Finance Minister Nirmala Sitharaman presented Union Budget 2023 in Parliament on Wednesday and her proposals come at a time when India’s economy is facing challenges from a plethora of global factors, including inflation and a possible GDP growth slowdown in FY24 as predicted by the International Monetary Fund in its January update of the World Economic Outlook. The Top …

What Budget document tells us about new Income Tax slab
1 year, 10 months ago

What Budget document tells us about new Income Tax slab

Hindustan Times  

Finance minister Nirmala Sitharaman on Wednesday made as many as five announcements related to personal income tax, as she presented Union Budget for the financial year 2023-24. Changes have been made only to the new tax regime, while the old one has been left untouched One of the announcements made by Sitharaman on personal income tax – there was none …

‘No income, how can they benefit from tax relief’: Who said what on Budget 2023
1 year, 10 months ago

‘No income, how can they benefit from tax relief’: Who said what on Budget 2023

Hindustan Times  

Political reactions started to pour in soon after Union finance minister Nirmala Sitharaman presented the Union budget for the fiscal year 2023-24. While BJP leaders hailed the budget as a ‘middle-class bonanza’ and inclusive, opposition leaders said the government is not addressing the serious economic conditions in the country including the common man's plight. Parliamentarians during presention of the Union …

Budget 2023: 5 major announcements on personal income tax
1 year, 10 months ago

Budget 2023: 5 major announcements on personal income tax

Hindustan Times  

In a huge relief to middle- and salaried-class people, Union finance minister Nirmala Sitharaman on Wednesday announced five major changes in personal income tax. Presenting the Union Budget for FY 2023-24, Sitharaman said that the proposals regarding personal income tax will primarily benefit the country's “hard-working middle class”. 2) In 2020, Sitharaman had introduced a new personal tax regime with …

Budget 2023 Key Highlights: Are You Under New Tax Regime? Nirmala Sitharaman Has Good News for You
1 year, 10 months ago

Budget 2023 Key Highlights: Are You Under New Tax Regime? Nirmala Sitharaman Has Good News for You

News 18  

Budget 2023 Highlights: Delivering on the expectations of the aam aadmi, Finance Minister Nirmala Sitharaman today announced Income Tax relief for the salaried class with an eye on the mega 2024 elections as well as several state battles as she delivered the Union Budget 2023 speech. She also announced changes in the tax slabs under the new tax regime, which …

Budget 2023: Govt increases income tax rebate to Rs 7 lakh per annum | 5 major announcements
1 year, 10 months ago

Budget 2023: Govt increases income tax rebate to Rs 7 lakh per annum | 5 major announcements

India TV News  

Budget 2023: In a big relief for the common man, the Modi government on Wednesday increased the personal income tax rebate to Rs 7 lakh per annum. The income tax rebate is one of the 5 major announcements made by Finance Minister Nirmala Sitharaman in the first budget of 'Amrit Kaal'. Sitharaman tweaked the slabs to provide some relief to …

#Incometax trends on Twitter after Nirmala Sitharaman's Budget 2023 speech. Best memes
1 year, 10 months ago

#Incometax trends on Twitter after Nirmala Sitharaman's Budget 2023 speech. Best memes

India Today  

Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in Parliament today. This year’s budget comes at a time when India’s economy faces challenges from a host of global factors; a steep rise in inflation and a possible GDP growth slowdown in the financial year 2024. However, the finance minister announced some relief for taxpayers as she proposed a new …

Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?
1 year, 10 months ago

Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?

India TV News  

Budget 2023: As the Union Budget 2023 would be the last full term budget to be presented before the 2024 Lok Sabha elections, there are high hopes that Finance Minister Nirmala Sitharaman will change the tax rates for Indian taxpayers. In addition, key decisions regarding the long-term capital gains tax on equity investment and measures to increase demand for the …

ITR 2021-22: 41% income taxpayers yet to file returns, 10% facing tech glitches
2 years, 4 months ago

ITR 2021-22: 41% income taxpayers yet to file returns, 10% facing tech glitches

India TV News  

ITR 2021-22: As the deadline to file Income tax returns inches closer, 41 per cent of Indians who qualify to file the return are yet to file their papers for FY 2021-22, 22 per cent say it is difficult to file it by the July 31 deadline, and about 10 per cent were facing technical glitches, a new report showed …

ITR Due Date AY22-23: Deadline Remains July 31; Govt Not Considering Extending It
2 years, 5 months ago

ITR Due Date AY22-23: Deadline Remains July 31; Govt Not Considering Extending It

News 18  

Revenue Secretary Tarun Bajaj on Friday said the government is not considering extending the July 31 deadline for filing the income tax return. So, for now, individuals who do not need to get their income accounts audited must file ITR for the assessment year 2022-23 by July 31. Over 2.3 crore income tax returns were filed till July 20 for …

Income Tax alert: Key changes to note before filing ITR
2 years, 10 months ago

Income Tax alert: Key changes to note before filing ITR

India Today  

Filing an income tax return is considered as an essential task for taxpayers. CRYPTO TAX Income tax return forms from next year will have a separate column for making disclosures about gains made from cryptocurrencies and paying taxes, Revenue Secretary Tarun Bajaj said. TAXPAYERS CAN FILE UPDATED ITR WITHIN 2 YEARS The Government has proposed permitting taxpayers to file an …

Why salaried class didn't get any tax relief in Budget 2022
2 years, 10 months ago

Why salaried class didn't get any tax relief in Budget 2022

India Today  

The salaried class grappling with rising living costs and uncertainty in the job market was hopeful that the Union Budget 2022 would provide much relief. However, Finance Minister Nirmala Sitharaman's fourth Union Budget neither tinkered with income tax slabs nor raised the standard deduction, which was widely expected in view of inflation levels and the impact of the Covid-19 pandemic …

Budget 2022: PM Modi to Talk About ‘People-Friendly’ Budget on Wednesday
2 years, 10 months ago

Budget 2022: PM Modi to Talk About ‘People-Friendly’ Budget on Wednesday

News 18  

Union Finance Minister Nirmala Sitharaman on Tuesday presented Budget 2022 and tabled the Finance Bill 2022 to the Parliament. And will do more.” After Sitharaman’s Budget speech, PM Modi called the Union Budget “people-friendly”. The Union Budget 2022-23 would also be available on the Mobile App after the process of Union Budget presentation. Watch Live Union Budget 2022 Here What …

Key Income Tax Highlights
2 years, 10 months ago

Key Income Tax Highlights

Live Mint  

Taxpayers were expecting changes to the Income Tax Slabs and Rates to be announced in the Budget. Taxpayers who inadvertently made mistakes in their tax return have two years from the end of the relevant AY to file a revised return by paying taxes. Income Tax is still in effect, there are no changes to the income tax slabs or …

Budget 2022: No change in income tax slabs announced
2 years, 10 months ago

Budget 2022: No change in income tax slabs announced

India Today  

Finance Minister Nirmala Sitharaman, while presenting the Union Budget, did not announce any new changes in tax slabs for the personal income tax category. It was highly expected that some incremental changes would be introduced to the current income tax regime, but, no significant change was announced. Read: Budget 2022: What Nirmala Sitharaman said on income tax and return filing …

Income Tax Budget LIVE Updates: Cryptocurrency to be Taxed, No Change in Income Tax Slabs
2 years, 10 months ago

Income Tax Budget LIVE Updates: Cryptocurrency to be Taxed, No Change in Income Tax Slabs

News 18  

Income Tax Slabs, Budget 2022 LIVE Updates: Salaried middle class wants finance minister Nirmala Sitharaman to announce some populist measures in Union Budget 2022.?New provision Permitting tax payers to file an updated return on payment of additional tax, permitted up to two years,? The middle class taxpayers also expect an increase in Section 80C deduction under the Income Tax Act, …

Income tax rebate to PPF, top 5 budget 2022 announcements expected
2 years, 10 months ago

Income tax rebate to PPF, top 5 budget 2022 announcements expected

Live Mint  

Budget 2022 expectations: After Economic Survey painting India in an optimistic light with good macro-stability indicators, earning individuals and taxpayers are expecting some relief form Nirmala Sitharaman when she presents her fourth general budget today. From raise in annual limit of Section 80C of the Income Tax Act to PPF deposit limit, taxpayers are expecting some relief in income tax …

Union Budget 2022-23: Why salaried class may not get big income tax relief
2 years, 10 months ago

Union Budget 2022-23: Why salaried class may not get big income tax relief

India Today  

Stagnant income and risk of inflation due to the Covid-19 pandemic severely crippled the salaried class in the country over the past two years. Many people have sought income tax relief from the government in the upcoming Union Budget 2022-23. TAXPAYERS' WISHLIST A survey conducted by world's leading accounting firm KPMG indicated that most respondents expect an enhancement in the …

Budget 2022 wish list: What salaried class, taxpayers want from FM Sitharaman
2 years, 10 months ago

Budget 2022 wish list: What salaried class, taxpayers want from FM Sitharaman

India Today  

From uncertainty in job markets to inflation, the Covid-19 pandemic has hurt the salaried class and taxpayers in the country in more ways than one. The salaried class and taxpayers, comprising mostly middle-class households, expect some measures from Finance Minister Nirmala Sitharaman in the Union Budget 2022-23 on February 1, two surveys revealed. Taxpayers expect the government to increase the …

Union Budget 2022-23: Taxpayers may get incentives for moving to new income tax regime
2 years, 11 months ago

Union Budget 2022-23: Taxpayers may get incentives for moving to new income tax regime

India Today  

Taxpayers may be offered some incentives for switching to the optional income tax regime in the upcoming Union Budget 2022-23. Union Budget 2022-23: Some existing tax exemptions may be phased out A similar alternate income tax structure was announced by Finance Minister Nirmala Sitharaman on February 1, 2020 for individual taxpayers. Tax rates came down under the new income tax …

Why personal income tax rates need a revision
2 years, 11 months ago

Why personal income tax rates need a revision

India Today  

With the budget comes the hope and expectation of tax rate cuts, especially for the salaried class. Corporate tax rates are amongst the most competitive in the world with no room for further rationalisation—down to 15 per cent for new manufacturing units. But in terms of income tax rates, the salaried tax payers continue to be taxed at relatively higher …

Income tax new rules from today: All you need to know
3 years, 8 months ago

Income tax new rules from today: All you need to know

Live Mint  

The new financial year begins on 1 April. Union Finance Minister Nirmala Sitharaman presenting Union Budget 2021 had announced a slew of changes in the income tax rules. Let's take a look at income tax changes that will come into effect from 1 April: TDS: In order to make more people file income tax returns, the finance minister has proposed …

5 new income tax rules that will come into effect from 1 April
3 years, 9 months ago

5 new income tax rules that will come into effect from 1 April

Live Mint  

Union Finance Minister Nirmala Sitharaman presenting Union Budget 2021 had announced a slew of changes in the income tax rules. Let's take a look at 5 income tax changes that will come into effect from 1 April: 1) PF tax rules: Interest on annual employee contributions to provident fund over ₹2.5 lakh would be taxed from 1 April 2021. 2) …

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