How to file ITR online: Rules related to income tax are going to change from April 1. It has been announced in Budget 2021. This will have the biggest impact on the salary class. It becomes easier to make ITR file for Salaried Class. These changed rules will come into effect from 1 April 2021. Also, the rules regarding TDS deduction have also changed.
EPF
In Budget 2021, there was no special announcement for middle class and salaried class. Only for Senior Citizens who have crossed 75 years of age and get pension. He is given relief while filing his income tax return. More and more people file income tax returns. For this, the government made a very strong provision in the budget 2021. The ITR filing rules have been made easier for salaried classes. So that they do not face any problem during ITR Filing. The provisions made by the government will come into effect from April 1, 2021, which is important for every income tax payer.
Pre-filled ITR forms
Personally, who fill the ITR form (How to file ITR online) from 1 April 2021. For their convenience, filing income tax returns has been made easier by the government.
LTC scheme
LTC has been notified in Budget 2021. This scheme has been introduced for those who could not take advantage of LTC tax due to Coronavirus Lockdown. Since no one was allowed to go anywhere during the lockdown. Therefore, if they could not get the benefit of LTC, then the government has extended its deadline.
No need to file return
Senior citizens i.e. those above 75 years of age do not need to file returns (How to file ITR online). This relief was given to such people who are dependent on pension and interest on fixed deposits.
Provision of IT Section 206 AB
According to the news of India.com, the government has made the rules very strict for those who do not file ITR, especially for business class. The government has made a provision of Section 206 AB for this. According to this, if a person does not file an ITR, then from April 1, 2021, double the TDS will be charged. According to the new rules, TDS will be increased. From 1 April 2021, the rates of TDS and TCL will be 10-20 percent, which is generally 5-10 percent. Those who do not file ITR, the government will recover TDS at double the rate.
