The financial year 2022-23 is starting from today. With the new year there are 8 big changes that will affect your earnings, spending and investments.
From the financial year 2022-23 many changes are happening. 2.5 lakhs deposited will have to pay income tax on the interest. If you have purchased an affordable home for the first time, the additional deduction of Rs 1.5 lakh under Section 80EEA on the interest paid will not be availed.
Virtual digital asset or crypto will be taxed at 30%. About 800 life-saving medicines will see a 10% increase in price, which will increase the cost of treatment. Linking PAN with Aadhaar will incur a penalty. Businesses with a turnover of more than 20 crores will come under the purview of mandatory e-invoicing.
Traveling on National Highways is going to be expensive. The National Highway Authority of India has increased the toll tax from 10 to 65 rupees from 12 pm tonight.
