Editorji is a popular short video news and information platform based in India. It was founded in 2018 by Vikram Chandra, one of India’s leading journalists, and has risen to prominence in the digital news space in a relatively short span of time. The platform is primarily designed for mobile devices, with applications available for Android and iOS.

ABOUT US:

about us editorji

Latest Video News: Editorji provides the latest news video headlines, latest videos clip from India and the World. Get all breaking news videos on Entertainment, Business, Coronavirus, Elections, Politics and more.

Latest Video News, Breaking News, Bollywood, Political, Sports, Business News | Editorji

+91 11 4035 6666 / info@editorji.com
3rd floor, Plot B, Khasara no 360, Sultanpur, New Delhi, Delhi 110030
<a title="mail to us" href="mailto:info@editorji.com">Send Feedback</a>
<a title="Contact Us" href="mailto:info@editorji.com">Contact Us</a>

REACH US

Contact for any questions, suggestions, comments, feedback or advertisement on Editorji.com, we are always looking forward to hearing from you.

Contact Us for Feedback, Suggestions and Advertising 

Editorji content is better experienced in our app.

Govt proposes to increase income tax rebate limit from Rs 5 lakh to Rs 7 lakh in new tax regime

Budget 2023: No income tax upto ₹7 lakhs slab for the new regime 

Govt proposes to increase income tax rebate limit from Rs 5 lakh to Rs 7 lakh in the new tax regime

BUDGET 2023: INCOME TAX&nbsp; Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
The personal income tax rebate limit has been increased to Rs 7 lakh from the fiscal year starting April 1 under the new tax regime from the previous Rs 5 lakh. Tax slabs has been cut to five from seven earlier. Also, the maximum income tax rate has been reduced to about 39 per cent from 42.7 per cent after a reduction in the highest surcharge to 25 per cent from 37 per cent.
Besides, the deposit limit for senior citizen savings schemes has been doubled to Rs 30 lakh and for Monthly Income Account Scheme to Rs 9 lakh. A new small savings scheme for women, offering 7.5 per cent interest rate on deposits of up to Rs 2 lakh for a tenor of 2 years, has been announced.

The government said on Thursday that the deadline for filing Income Tax returns has been extended till December 31.Usually due by the end of July, due to coronavirus&nbsp;pandemic&nbsp;the date was extended last time in May till September 30.
The Finance Ministry said in a statement that&nbsp;Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22.&nbsp;The postponement&nbsp; is based on consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22.&nbsp;
&nbsp;&nbsp;
"On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961(the &ldquo;Act&rdquo;), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22," the Finance Ministry said in a statement.

Deadline to file Income Tax returns extended to December 31

The government said on Thursday that the deadline for filing Income Tax returns has been extended till December 31.

The government said on Thursday that the deadline for filing Income Tax returns has been extended till December 31. Usually due by the end of July, due to coronavirus&nbsp;pandemic&nbsp;the date was extended last time in May till September 30.
Also Read <a href="https://www.editorji.com/story/paratha-gst-the-major-tax-difference-with-rotis-and-why-1631184029948" target="_blank">Paratha GST: The major tax difference with rotis and why</a>
The Finance Ministry said in a statement that&nbsp;Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22.&nbsp;
The postponement&nbsp; is based on consideration of difficulties reported by the taxpayers and other stakeholders in filing of <a href="https://www.editorji.com/story/infosys-given-a-strict-deadline-of-september-15-by-fm-to-fix-tax-portal-glitches-1629778344606" target="_blank">Income Tax Returns</a> and various reports of audit for the Assessment Year 2021-22.&nbsp;
&nbsp;"On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961(the &ldquo;Act&rdquo;), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22," the Finance Ministry said in a statement.

Budget 2021 India: Nirmala Sitharaman on Monday said that the government shall reduce the tax compliance burden on senior citizens who are 75 years of age and above.

Budget 2021 India: Income Tax relief for senior citizens

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;on Monday said that the government&nbsp;shall reduce the tax compliance burden on senior citizens who are 75 years of age and above. For senior citizens who only have pension and interest income, Sitharaman&nbsp;in Budget 2021&nbsp;proposed an exemption from filing their income tax returns. However, no other income tax relief was announced in the Budget 2021.

Union Budget 2021: Tax relief for senior citizens

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;on Monday said that the government&nbsp;shall reduce the tax compliance burden on senior citizens who are 75 years of age and above. For senior citizens who only have pension and interest income, Sitharaman&nbsp;in Budget 2021&nbsp;proposed an exemption from filing their income tax returns. However, no other income tax relief was announced in the Budget 2021.

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;on Monday said that the government&nbsp;shall reduce the tax compliance burden on senior citizens who are 75 years of age and above.
For senior citizens who only have pension and interest income, Sitharaman&nbsp;in <a href="https://www.editorji.com/story/union-budget-2021-all-you-need-to-know-1612167760058" target="_blank" >Budget 2021</a>&nbsp;proposed an exemption from filing their income tax returns. However, no other income tax relief was announced in the Budget 2021.

income tax relief

Categories