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New income tax changes announced in Budget 2022

New income tax changes announced in Budget 2022: While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman proposed no change in income tax slabs. She, however, proposed that both Centre and states government employees’ tax deduction limit be increased from 10% to 14%. The move, she said, will help the social security benefits of state government employees and bring them at par with the Central government employees. Nirmala Sitharaman, the Finance Minister, announced that the government will allow a one-time wi      Read More