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Union Budget 2021 Income Tax announcement Live new slabs, more exemptions under 80C, 80D

What is new income tax slab for 2021-22?
In the last few years, the Modi government has so far pushed for a rebate on all payable taxes but didn t change the slabs. In the previous Budget, Sitharaman had offered an optional lower rate of income tax to individuals as she introduced new tax slabs of 15 per cent and 25 per cent in addition to the existing 10 per cent, 20 per cent and 30 per cent. The new I-T slabs, which came into effect on April 1, 2020, are for individuals not availing of certain specified deductions or exemptions.
What is the 80C limit for 2020-21? ....

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Budget 2021: Will FM Sitharaman announce relief for salaried class, rationalise income tax?

Budget 2021: Will FM Sitharaman announce relief for salaried class, rationalise income tax?
It is widely expected that the government will leave the personal income tax slabs untouched since a new (tax) regime was already introduced in the financial year 2020-21
BusinessToday.In | February 1, 2021 | Updated 10:11 IST
The government is likely to increase the income tax exemption limit under Section 80C to Rs 2 lakh from Rs 1.5 lakh in the Budget 2021
Finance Minister Nirmala Sitharaman, who is slated to present the Union Budget 2021 on Monday, February 1, has to walk the tightrope of trying to strike a balance between fiscal prudence and growth.
With the aim of reviving the coronavirus pandemic-hit economy, the industry expects her to announce relief for the salaried class by putting more money in taxpayers hands in order to boost economic revival. ....

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Locals in Kanpur perform 'hawan' ceremony ahead of Union Budget 2021

Ahead of the Union Budget 2021, a hawan was conducted in Uttar Pradesh s Kanpur on Monday marking the massive expectations from it.
Prayers were performed by the people with posters of Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and Uttar Pradesh Chief Minister Yogi Adtiyanath.
Locals appealed to PM Modi to give relief to the general public from inflation and expected the budget to be in the public interest while conducting the hawan .
Meanwhile, the Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 am. The duration of the budget speech usually ranges from 90 to 120 minutes. ....

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Budget 2021: 3 expectations from Nirmala Sitharaman

Finance Minister Nirmala Sitharaman is expected to announce the Union Budget for the next fiscal year on February 1, 2021. As India looks to recover from the devastating Covid-19 blow, here are three key expectations from the budget. ....

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