Income Tax Department has granted a major relaxation for differently-abled individuals. In a new order, the department has stated that "Tax relief for persons with disability granted by allowing payment of annuity/lump sum amount to the dependent during the lifetime of parent/guardian on attaining the age of 60 years or more." Zero Tax For All Individuals With Less Than Rs 8 Lakh Annual Income? Plea in Madras High Court Challenges Basic Tax Exemption Limit Based on EWS Criteria.
Income Tax Relief for Persons with Disability:
Income Tax Department cares!
Tax relief for persons with disability granted by allowing payment of annuity/lump sum amount to the dependent during the lifetime of parent/guardian on attaining the age of 60 years or more.#IncomeTaxRelief#NotJustFinance#AatmanirbharForGrowthpic.twitter.com/Y9TSIeSMKT
— PIB India (@PIB_India) December 13, 2022
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