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Five announcements on EPF and income tax made by FM Nirmala Sitharaman today
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Keeping in view PM Modi's vision of a "self-reliant India", FM Nirmala Sitharaman announced a slew of personal finance measures to boost demand in the country, which is ravaged by the pandemic.
Here are the five announcements made by her: 1) Due date for all income tax returns has been extended to 30 November from 31 July.
2) TDS, TCS rate for non-salaried payments for period up to March 31, 2021 has been slashed by 25%, a move that will release ₹50,000 crore into the system, said Sitharaman. "In order to provide more funds at the disposal of taxpayers, the rates of Tax Deduction at Source (TDS) for non-salaried specified payments made to residents and rates of Tax Collection at Source (TCS) for the specified receipts shall be reduced by
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