Income Tax Slab 2021-22: Big news for senior citizens! No need to file ITR; check Budget 2021 details
Income Tax Slab 2021-22: In a bid to simplify tax compliance of the senior citizens, the Finance Minister Nirmala Sitharaman announced today in the parliament while presenting Budget 2021 that there is no need for the senior citizens who are 75 years or above to file their Income Tax Return (ITR).
On the reason for exempting such senior citizens from filing their ITR, Sitharaman said that the move aims to give such citizens to give their dues as they have devoted an important period of their life in nation building. Photo: Pixabay