The CBDT vide circular dated 03.12.2020 has issued clarification on income tax deduction from salaries for the financial year 2020-2021. Every Person who is responsible to pay any income under the head “Salaries” shall deduct income tax on the estimated income of the assessee under the head ‘salaries’ for the financial year 2020-2021. Tax is to be determined at the average of income tax computed on the basis of rate in force for the financial year. The perquisites paid by the employer shall also be taken into account.
New Digital Platform to Streamline Health Insurance Claims
The government has launched the National Health Claims Exchange (NHCX) as part of the Ayushman Bharat Digital Mission. This digital platform aims to simplify and