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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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BREAKING: No change in tax slabs, PPF limit, Sec 80C exemption in Budget 2021

No change in tax slabs, PPF limit, Sec 80C exemption in Budget 2021
Budget 2021: No changes in ncome tax slabs, PPF limit, Section 80C exemption were announced by the Finance Minister
Anwesha Madhukalya | February 1, 2021 | Updated 17:03 IST
Budget 2021: No change in income tax slabs
Going against the expectations of salaried class, Finance Minister Nirmala Sitharaman did not announce any major alteration in personal taxation in Budget 2021 . There were no changes in income tax slabs, PPF limit, Section 80C exemption. This comes despite experts asking for increased money in the hands of the salaried class to boost consumption.
The Finance Minister, however, gave some relief to senior citizens. Senior citizens of 75 years and above who only have pension and interest income will not be required to file returns. The Finance Minister also offered relaxation to home buyers by announcing the extension of Rs 1.5 lakh deduction on payment of interest for affordable housing by a year.

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No change in tax slabs, PPF limit, Sec 80C exemption in Budget 2021

No change in tax slabs, PPF limit, Sec 80C exemption in Budget 2021
Budget 2021: No changes in ncome tax slabs, PPF limit, Section 80C exemption were announced by the Finance Minister
Anwesha Madhukalya | February 1, 2021 | Updated 17:03 IST
Budget 2021: No change in income tax slabs
Going against the expectations of salaried class, Finance Minister Nirmala Sitharaman did not announce any major alteration in personal taxation in Budget 2021 . There were no changes in income tax slabs, PPF limit, Section 80C exemption. This comes despite experts asking for increased money in the hands of the salaried class to boost consumption.
The Finance Minister, however, gave some relief to senior citizens. Senior citizens of 75 years and above who only have pension and interest income will not be required to file returns. The Finance Minister also offered relaxation to home buyers by announcing the extension of Rs 1.5 lakh deduction on payment of interest for affordable housing by a year.

Nirmala-sitharaman , Arun-jaitley , Finance-minister-nirmala-sitharaman , Finance-minister , Finance-minister-arun-jaitley , Finance-minister-sitharaman , Income-tax-slab , Income-tax-slab-for-individual , Income-tax-slab-budget , Income-tax-slab-2020-21 , Tax-slab-2020-21

This Year's Union Budget Is All Digital With Made In India Tablet As Out Goes The Bahi Khata

»This Year’s Union Budget Is All Digital With Made In India Tablet As Out Goes The Bahi Khata
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This Year’s Union Budget Is All Digital With Made In India Tablet As Out Goes The Bahi Khata
Finance Minister Nirmala Sitharaman seen carrying a tablet for a paperless budget on Monday. ANI photo
The use of a Made In India tablet is a dual push for digitization as well as the Atmanirbhar Bharat push along with the Made in India initiative. Earlier, the government rolled out the Union Budget app for smartphones that will allow users to follow the budget updates on their phones.

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