Page 28 - DHC Budget Book 2021-22 Final
P. 28
DIRECT TAX
at a glance
Section 2
BUDGET SNAPSHOT
26
INDIA BUDGET 2021-22
Building a Resilient and Confident India
Non-Corporate Assessee
Income tax basic exemption limit and slab rates remain unchanged.
No exemption u/s 10(11) & 10(12) shall
be available to interest income accrued on contribution made to provident fund exceeding H 2,50,000 in any previous year, on or after 01-04-2021 and computed in such manner as may be prescribed.
Resident Senior Citizens of the age of 75 years or above deriving only pension income in a specified bank and interest income only from such specified bank where pension income is
