Budget 2021: Individual taxpayers and the middle-class expect reduced GST rates in various sectors, and increased deduction for the interest on home loans from the taxable income Lalatendu Mishra February 01, 2021 15:26 IST Updated: February 01, 2021 22:19 IST Lalatendu Mishra February 01, 2021 15:26 IST Benchmarks . Budget 2021: Budget Impact on Income Tax - Will the Income Tax Slabs Change post Budget? Speaking at the Budget session, Finance Minister Nirmala Sitharaman said that income tax return filers increased to 6.48 cr in 2020 from 3.31 cr in 2014. Nifty 14,980.45 42.35. Read full article. Union Finance Minister Nirmala Sitharaman did not announce change in income tax slabs for individuals in the Union Budget 2021. Watch. To further ease of income income tax filing, capital gains from listing securities and interest income to come pre-filled in ITRs, FM announced. Budget 2021 | Income tax slabs remain unchanged . Budget 2021: No change in personal income tax slabs. Union Budget 2021-22: No change in Income Tax slabs, boost for health & farm sector, FDI in insurance hiked to 74% | HIGHLIGHTS. TAGS: #Budget 2021 #income tax slab #middle class #tax payers #Union Budget 2021-22 #Union Finance Minister Nirmala Sitharaman. first published: Feb 1, 2021 06:28 pm. Latest Income Tax Slab Rates for FY 2021-22 / AY 2022-23. Income Tax Slabs May Stay Unchanged, But Govt Likely to Give More Exemptions in Union Budget 2021 3. Effective from FY 2020-21, the individual tax assessee have an option to go for new Tax Slab Rates by forgoing the existing Income Tax Deductions and Exemptions, like HRA, Section 80C, Home loan tax benefits etc., The Union government did not make any changes to the income tax system in place. Budget 2021: No change in personal income tax slabs The Union government did not make any changes to the income tax system in place. Income Tax Slabs Unchanged, But Budget 2021 Has These 6 Tax Related Announcements. News18.com. NSE Gainer-Large Cap . How will the Taxes get Impacted? The only change announced in regards to individuals' income tax was that senior citizens aged more than 75 years will now be exempted from filing Income Tax Returns.. Build-up to The Budget with The Economic Times. The Income Tax, Education Service Tax, Vehicle Tax and other taxes mentioned under the Finance Act 2076 (2019) will come into the effect for the FY 2019-20 from Shrawan 2076 (i.e. GAIL 155.45 8.3.
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