Live Breaking News & Updates on Pre Filled Itr Forms

Updated Mar 17, 2021 | 08:23 IST
Senior citizens of the age 75 and above with income from pension and interest from fixed deposit in the same bank would be exempted from filing ITR from April 1, according to the new rules.
5 new income tax rules set to come in force from April 1 
New Delhi: Budget 2021 has left personal income tax rates unchanged. However, FM Sitharaman announced some tweaks in income tax rules that will help ease the compliance for taxpayers.  
Let s take a look at 5 income tax changes that will come into effect from 1 April:
Provident fund tax rules:  Nirmala Sitharaman has announced in the Union Budget 2021-22 that PF contributions over Rs 2.5 lakh in a financial year will be taxable from the next financial year. ....

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