1- Those above 75 years will no longer have to file Income Tax Return (ITR). All such elderly people above 75 years, whose source of income is pension and interest, will no longer have to file ITR.
2- Now that the Finance Minister has given a direct indication to reduce the custom duty on gold and silver, it is believed that the price of gold and silver may come down. That is, if you are thinking of making jewelry, then the time may be favorable for you, but if you have to sell gold and silver, then it may not be a special deal.
3- The government has increased the custom duty on mobile devices in its recent budget. It has now been reduced to 2.5 percent. After this increase, now the mobile phones of those companies will become expensive, which they manufacture in India by importing their parts from abroad and assembling them in India.
Also read: Union Budget 2021: Finance Minister Nirmala Sitharaman presented the budget in Bengal’s ‘Lal Paad’ sari
4- 35 thousand crores has been allotted for the corona vaccine. 64,180 crore rupees is proposed to be spent on PM Swasthya Swasth Bharat Yojana and Mission Nutrition 2.0 will be started this year. It will be beneficial for children and common people.
5- The announcement of the budget states that 100 new Sainik Schools will be set up with the participation of non-governmental organizations (NGOs) under the National Education Policy and at the same time, 15,000 schools will be strengthened.
Nirmala Sitharaman also announced for the salary class. Employer will not get deduction on late employee’s PF (PF) submission. The Finance Minister said that it will not be allowed for the employer to consider it as an exemption for late deposit. It is definitely a relief for the employees.