In Budget 2022, the government said it would tax income from the transfer of any virtual digital asset, including cryptocurrency.
From 2022-23, state government employees can claim tax breaks of up to 14 percent of their basic salary.
Starting in FY23, interest earned on your annual employees’ provident fund (EPF) contribution of over Rs 2.5 lakh (Rs 5 lakh for government employees) is subject to tax.
The finance ministry said income-tax will not be charged on the amount received by a taxpayer from her employer for Covid-19 treatment expenses.
Now, one can file an updated return within two years of the end of an assessment year.
No more deduction under section 80EEA from April 1, 2022.