From April 1, new Income Taxes rules will be introduced

: Wednesday, March 17, 2021, 4:14 PM IST
From April 1, new Income Taxes rules will be introduced: Find out if those rules are applicable to you
During the budget 2021, Finance Minister Nirmala Sitharaman announced some changes in the income tax rules. It will come into force from April 1. These rules are related to Provident Fund, Tax Deducted at Source, ITR filing for senior citizens, Leave Travel Concession among others.
Rules are given below:
Provident Fund: Individuals earning more than Rs 2.5 lakh will have to pay taxes on the interest on annual employee contributions to provident fund. The government with this decision is aiming to tax high-value depositors in the Employee Provident Fund (EPF).

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