Union Budget 2021: Senior Citizens exempted from filing ITR; No change in Income Tax Slabs

After the economic destruction caused by the COVID-19 pandemic in 2020, salaried individuals are of the hope that the government might bring some tax advantages with Union Budget 2021.

Union Budget 2021: Senior Citizens exempted from filing ITR; No change in Income Tax Slabs

The Union Budget 2021 has been presented by Indian Finance Minister Nirmala Sitharaman on February 1, 2021, at 11 am. Amid the high expectations from the ‘budget like no other’, as promised by the Finance Minister, it is to be seen whether it will bring some form of relaxation for taxpayers as well.

After the monetary annihilation brought about by the COVID-19 pandemic in 2020 which incredibly affected pretty much every area, the salaried people are of the expectation that the public authority may carry some duty focal points with Union Budget 2021.

Notwithstanding, on one hand, where a portion of the specialists are of the assessment that as the new duty system was presented in 2020, a large part of the adjustments in expense chunks should not be normal from this year, various specialists accept that the middle may give some help to the citizens on account of COVID pandemic. 

The nitty-gritty annual assessment pieces will be accessible underneath when they are declared by the Finance Minister during her meeting in Parliament.

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Union Budget 2021 Highlights :