The new financial year begins on 1 April which will bring in many changes regarding the income tax rules as announced by the Union Finance Minister Nirmala Sitharaman while presenting the Union Budget 2021 in February. According to the new rules, senior citizens of the age 75 and above with income from pension and interest from fixed deposit in the same bank would be exempted from filing ITR. Similarly, many changed have been made which will come into effect from tomorrow. Watch Mirror Now's exclusive coverage of what are the changes in the income tax rules and how you can cut down on your taxes this year.
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