Direct tax filing simplified in Budget 2021, says FM Nirmala Sitharaman

FM Nirmala Sitharaman lays out the direct tax reforms proposals in order to simplify the filing process. She announces the income tax rates and slabs which are applicable for those who forego tax exemptions and deductions. Moreover, For senior citizens, 75 years or above, with only pension and interest income, FM Sitharaman proposed exemption from filing their ITRs. The government has also proposed to constitute a dispute resolution committee to improve transparency, accountability for small taxpayers. Watch the full video to get more details on the tax proposals mentioned in this year's budget with Times Now.