NO CHANGE IN TAX SLAB!
New Delhi, 1/2: After battling the pandemic for almost a year, people were expecting a hike in the minimum tax slab. Surprisingly in an underwhelming budget by Finance Minister Nirmala Sitharaman, no change was proposed in the minimum tax slab. The current minimum tax slab is at Rs. 2.5 lakh.
Amidst the disappointment for the common man, there’s some good news for the Senior Citizens aged above 75 years old. They are exempted from filing income tax returns on pension and interest.
