Senior Citizens Savings Scheme limit has been increased to Rs. 30 lakh. Monthly Income Scheme raised to Rs. 9 lakh for singles and Rs. 15 lakh for joint accounts.
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Physical gold conversion
Now, you won’t have to pay tax for converting physical gold into Electronic Gold Receipt (EGR) or vice versa.
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No Long-Term Capital Gains (LTCG) tax benefits
If you sell your mutual funds for profit, you only have to pay tax for the profit as a short-term gain, instead of a long-term profit.
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New Tax Regime
A new tax regime has been introduced to simplify the tax-paying process for new taxpayers. Individuals can opt between the new and the old one according to their preference
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The National Pension System made more secure
All the users are required to perform a two-factor Aadhaar authentication to log into the CRA system.