Changes in income tax rules to come into force from Thursday

Union Finance Minister Nirmala Sitharaman had announced some changes in the income tax rules, presenting Union Budget 2021-22, which are set to come into force from tomorrow.  AIR Correspondent reports, with start of new financial year from tomorrow, senior citizens of the age 75 and above with income from pension and interest from fixed deposit in the same bank would be exempted from filing income tax return, ITR.   From tomorrow, interest earned on Provident Fund contributions above Rs five la...