Union Budget 2022: Top 5 announcements on customs reforms and duty rate changes
Today, Finance Minister Nirmala Sitharaman presented the Union Budget for the years 2022-23 in Parliament (February 1, 2021). In the case of state government employees, the finance minister declared that a tax deduction of up to 14 percent will be permitted on the employer's contribution. In the event that taxpayers fail to record an income, the FM stated that they will be entitled to file an updated ITR for two years from the relevant assessment year.
Today, Finance Minister Nirmala Sitharaman presented the Union Budget for the years 2022-23 in Parliament (February 1, 2021). In the case of state government employees, the finance minister declared that a tax deduction of up to 14 percent will be permitted on the employer's contribution. In the event that taxpayers fail to record an income, the FM stated that they will be entitled to file an updated ITR for two years from the relevant assessment year.