This is called a wonderful new year! You don't have to pay as much income

Business News Desk – The year 2022 is about to end and the year 2023 will start. The new year will also be full of new expectations for people. At the same time, people will do something new in their lives this year. At the same time, people are going to do many things for the purpose of increasing their earnings and savings this year. At the same time, some important things should also be known in the new year, these things will not be less than a new year gift, and even know it, the new year can be wonderful. In fact, everyone who has taxable income in the country must pay income tax. For this reason, tax on revenue is recovered from the government, so that many welfare schemes, including employment programs, can be carried out by the government. At the same time, there are millions of employees in various departments, whose salary and administrative expenses are carried by the government. Income tax page is needed to give income tax to every citizen of the country, whose revenue is taxable according to the tax page. However, some people also received concession in it. If someone’s income tax is not according to the record, he does not have to pay income tax. Let us know that according to the financial year 2021-22, if income tax is to be paid according to the new tax system, then income tax of Rs 2.5 lakh will not be charged annually. If the income tax sheet rate pays taxes by the old tax system at the age of 60 and Huf FY 2021-22, they do not have to pay income tax on the annual revenue of Rs 2.5 Lakh. Among the old tax system, senior citizens who pay taxes for more than 60 years, but under 80 years, however, such people do not have to pay income tax on the annual revenue of Rs 3 Lakh. At the same time, those who are over 80 years old do not have to pay taxes on the annual income of Rs 5 Lakh. Share this story