This document outlines the top 10 key tax law changes introduced in 2021. It covers significant updates such as taxable EPF interest above Rs 2.5 lakh, pre-filled income tax returns for easier filing, and the LTC voucher scheme for COVID-affected individuals. It also details higher TDS for non-filers, exemptions for senior citizens, the new Dispute Resolution Committee, and changes to ULIPs and home loan interest deductions. This guide is essential for individuals and small taxpayers looking to understand and comply with the latest tax regulations.
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