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Budget 2021: No change in tax slabs, some relief for senior citizens

Feb 01, 2021, 01:43PM ISTSource: TOI.in

Finance Minister Nirmala Sitharaman did not tinker with income tax slabs for the financial year 2021-22. No major announcements were made on the Direct Tax front, which will come both as a relief and a disapointment for the salaried taxpayers. Sitharaman announced some relief for senior citizens. For senior citizens who only have pension and interest income, exemption from filing of income tax returns was announced by the finance minister.

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