Salaried Workers and Taxpayers:

•The deadline for income tax returns for the financial year 2019-20 has been extended, with the due date now pushed to November 30, 2020.
•The rates of Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) have been cut by 25% for the FY 2020-21.
•The statutory Provident Fund (PF) payments have been reduced from 12% to 10% for both employers and employees for the next three months.