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What Budget 2021 means for taxpayers, investors and consumers From bringing tax parity between ULIPs and mutual funds to taking away traditional tax saving avenues of the well off, Budget 2021 aims to strike a balance Moneycontrol PF Team February 02, 2021 / 10:18 AM IST Budget 2021 has touched a broad canvas of people. Here are the key takeaways for the investor, taxpayer, depositors and common consumers. For taxpayers Senior citizens benefit There is good news for senior citizens. For those above the age of 75, filing income-tax returns is not required, effective financial year 2021-22. But there is a small caveat. Those who earn income from pension and interest alone are exempt. But if you have an income from capital gains, investments in direct equities or even mutual funds, then you have to file your income-tax returns as usual.

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