Belying huge expectations, Budget 2021 has not provided any income tax relief to tax payers. No changes in income tax slabs or rates have been proposed. Nor have any additional tax exemptions or deductions been introduced. Standard deduction for the salaried and pensioners also remains same as before. With no change in the basic exemption limit, income tax slabs and rates, an individual tax payer will continue to pay the tax at the same rates applicable in FY 2020-21.
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Solving the KYC mess: 5 steps that SEBI has taken to make things easy
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