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Absence of covid cess, no increase in income tax slabs come as a huge relief

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₹1.5 lakh on interest for first-time home buyers.Further, the proposals for extension of faceless assessments to include tax tribunals, dispute resolution committee for reduction in disputes for small taxpayers, reduction in the time limit for reopening of tax assessments keep up with the spirit of the Taxpayers’ Charter introduced earlier.Individuals will also benefit from the finance minister’s proposals for greater investment protection such as introduction of the Investor Charter, access up to ₹5 lakh (through deposit insurance cover) for depositors holding deposits in banks under stress and consolidation of securities markets regulations (( such as SEBI Act, Depositories Act, Securities Contracts (Regulation) Act and Government.

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