look news india
Income Tax: Along with important updates, social media is also full of fake news. Now a message related to changes in India’s tax system is going viral on many such platforms. It is being claimed that the Central Government has announced tax exemption to a section of the population. However, upon investigation this claim was found to be fake.
Viral claim- no need to pay tax
PIB i.e. Press Information Bureau has shared the screenshot of the viral post. It is being claimed that people above 75 years of age will not have to pay tax. According to the viral post with the English message, ‘Big announcement from the Central Government. These people will not have to pay tax. … Senior citizens above 75 years of age will not have to pay tax on their income.
the truth has come out
During investigation this message has been found to be fake. PIB wrote, ‘A message is being circulated on social media that since India is celebrating the 75th anniversary of its independence, senior citizens above 75 years of age will no longer have to pay tax. This message is fake.
PIB has informed that senior citizens above 75 years of age, whose income comes only from pension and interest, are exempted from filing ITR. Also, if any tax is applicable, the same is deducted by the designated bank after calculating the income and eligible deductions.