Budget 2021 has been an absolute disappointment for the middle class. The Finance minister chose to keep the I-T slabs remain unchanged. Also no particular relief for the middle class in terms of income tax exemption.
Senior citizens above 75 years of age with only pension income, however, are exempted from filing tax returns. This move is not meant to bring any financial benefits.
The slew of hike in customs duty to benefit Make in India will actually cause a hike in many commodities such as mobile phones.
Petrol and diesel are set to get expensive as the government has proposed farm cess of Rs 2.5/litre on petrol, Rs 4 on diesel.
The absence of the much-feared Covid tax and the surcharges on Income Tax is a great relief.
ITR filing will be made easy with details of capital gains, income from list securities, dividend income, income from interest on bank deposits tom come pre-filled in ITR.
Top 5 takeaways for taxpayers
🕑 21 Jan,22 6:37p.m.
Subramanian Swamy suggests abolishing Income Tax
🕑 20 Jan,22 9:04a.m.
Duties & Responsibilities of officials for railway Computer Based Tests (CBTs)
🕑 19 Jan,22 9:18a.m.
Zonal Railways to decide on extension of deputation upto 5 years
🕑 19 Jan,22 8:57a.m.
CVC: instruction on CBI documents for departmental inquiry
🕑 18 Jan,22 11:19a.m.
Restriction on number of applications for transfer on deputation
🕑 17 Jan,22 4:15p.m.
Defence Min launches Raksha Pension Shikayat Nivaran Portal
🕑 17 Jan,22 1:59p.m.
Railways: Guidelines Selection under rule 72 to the post of Sub-Inspector
🕑 15 Jan,22 2:51p.m.
Railways redesignate Guard as Train Manager
🕑 14 Jan,22 9:45a.m.
Clarification on pass entitlement on posting/transfer with pay protection
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🕑 13 Jan,22 5p.m.
Govt puts CEL privatisation on hold amid allegations of under-valuation
🕑 20 Jan,22 2:24p.m.
4 ways to check your PF balance - App, Web, SMS & Missed call
🕑 19 Jan,22 3:09p.m.
Budget 2022: Govt may offer more benefits under income tax regime
🕑 18 Jan,22 2:24p.m.
No maternity leave/benefits for 2nd delivery, if twins in first
🕑 17 Jan,22 10:27p.m.
Amazon's Great Republic Day sale is LIVE: Up to 70% discounts
🕑 17 Jan,22 1:30p.m.
Budget 2022 - Expectations on standard deductions, home loan rebates
🕑 15 Jan,22 10:30a.m.
Major income tax provisions applicable from this financial year
🕑 14 Jan,22 2:33p.m.
Case for hike in retirement age to 62 for central government employees
🕑 13 Jan,22 10:29a.m.
EPFO allows medical advance of up to Rs 1 lakh for COVID treatment
🕑 12 Jan,22 10:13a.m.
Budget 2022-23: Standard Income Tax deduction may rise by 30-35%
🕑 11 Jan,22 2:40p.m.
CGHS Webinar on 11/01/2022 (Tuesday) at 4.00PM