Budget 2020: Govt may allow tax exemptions of up to Rs 2.5 lakh for savings under Section 80C

New Delhi: The Union Budget 2020-21 on February 1 could have some good news for salaried taxpayers as the government is reportedly considering giving tax exemptions of up to Rs 2.5 lakh for savings under the 80 category and carve out a separate section under 80C of the Income Tax Act to provide tax exemptions up to Rs 50,000 for National Savings Certificate (NSC).

Mandatory To Link PAN With Aadhaar By End Of This Year: Income Tax Dept

In a public release on Sunday the Income tax department said it is mandatory to link your PAN with aadhaar by the end of this year. “Building a better tomorrow! To reap seamless benefits of income tax services, complete the vital link before 31st December, 2019”, read the message from the department. Earlier the deadline…