IT Declaration for FY 21-22

Ask the Community Income Tax
1

Hi

With regards to IT declaration for FY 2122 do we have any details on:

  • Changes from FY 2021
  • Employee communication / Forms

Hemant Karmalkar

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2

Hi @sneham95

As of now it should be as per the new guidelines (Union Budget 2021-22, budget news), but in IT declaration side no such major changes.

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4

Hi @sneham95

True at this moment no major changes as such to worry about other than PF and Salary Structure changes.

We will soon be hosting an expert session on the same in a week or two.

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5

Thanks Dinesh, Babu :+1:

Attached latest news on taxing PF interest.
PF tax-exemption limit hiked to Rs 5 lakh, which employees stand to benefit** ](https://taxguru.in/chartered-accountant/pf-tax-exemption-limit-hiked-rs-5-lakh-employees-stand-benefit.html)

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