Five key changes in income tax changes announced
- Some changes under the income tax laws which affect individual tax payer have been proposed in the Budget 2022
Against the high expectation of individual tax payers about increase in the limits of basic exemption, standard deduction and deduction under Section 80C, nothing has materialised and which in a way has disappointed individual taxpayers. However, some minor changes under the income tax laws which affect individual tax payer have been proposed in the Budget by the finance minister. Let us discuss these minor changes.
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