Finance

Income Tax Relief for Persons with Disability: Differently-Abled Individuals Granted Major Relaxation, Check Here

Income Tax Department has granted a major relaxation for differently-abled individuals.

Income Tax Relief for Persons with Disability: Differently-Abled Individuals Granted Major Relaxation, Check Here

Income Tax Department has granted a major relaxation for differently-abled individuals. In a new order, the department has stated that "Tax relief for persons with disability granted by allowing payment of annuity/lump sum amount to the dependent during the lifetime of parent/guardian on attaining the age of 60 years or more." Zero Tax For All Individuals With Less Than Rs 8 Lakh Annual Income? Plea in Madras High Court Challenges Basic Tax Exemption Limit Based on EWS Criteria.

Income Tax Relief for Persons with Disability:

(The above story first appeared on LatestLY on Dec 13, 2022 01:54 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).