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
🕑 08 Aug,22 7:07a.m.
Perform or go home taking VRS: Telecom Minister to BSNL employees
🕑 08 Aug,22 6:35a.m.
Railway: Reservation in promotion to Persons with Benchmark Disability
.png)
🕑 08 Aug,22 6:29a.m.
Stenographers who cleared Test @ 100 w.p.m exempted test for promotion
🕑 08 Aug,22 6:24a.m.
Rajya Sabha Q&A : Posts lying vacant & plans and time line for fillinf filling
🕑 08 Aug,22 6:21a.m.
Rajya Sabha Q&A : Filling up 10 lakh vacancies in various departments
🕑 08 Aug,22 6:16a.m.
Rajya Sabha Q&A : Group wise vacancies in Central Government
🕑 07 Aug,22 6:36p.m.
Railways to felicitate retired employees of 75 years of age
🕑 06 Aug,22 9:06p.m.
One-day strike strike by postal employees on August 10 | Charter of Demands
🕑 06 Aug,22 2:30p.m.
DoPT Master Circular on compassionate appointment for easy reference
🕑 06 Aug,22 2:25p.m.
Railway Board issues OM prescribing 7.1% interest for raiway PF
🕑 30 Jul,22 10:14a.m.
IT return deadline tomorrow. The repercussions of failure
🕑 18 Jul,22 10:29p.m.
FAQ on monkeypox
🕑 16 Jul,22 10:49a.m.
Changes in the IT exemptions on PF - 10 Points
🕑 08 Jul,22 1:31p.m.
Don't miss the income tax deduction u/s 80TTA for savings bank interest
🕑 08 Jul,22 9:34a.m.
Now pay auto insurance premiums hased on 'As You Drive, How you Drive'
🕑 07 Jul,22 4:31p.m.
Lesser-known expenses that you can claim tax exemption
🕑 05 Jul,22 10:05p.m.
🛈 July 31 is the last day for filing income tax return for individuals
🕑 01 Jul,22 4:45p.m.
Govt keeps PPF, NSC, other small savings schemes interest unchanged
🕑 21 Jun,22 6p.m.
Fifteen benefits for 'Agniveers' after their retirement
🕑 08 Jun,22 9:29a.m.
Fact check: Is Centre doing away with NPS?