Income tax new rules from today: All you need to know2 min read 31 Mar 2021, 06:58 AM IST
According to the new rules, 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
The new financial year begins on 1 April. Union Finance Minister Nirmala Sitharaman presenting Union Budget 2021 had announced a slew of changes in the income tax rules. These changes are set to come into effect from today, 1 April 2021. So let's take a look at the changes announced in the Union Budget in February for income tax which will come into effect from tomorrow.
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