Tax Slab 2024-24 For Senior Citizen. 2) tax rebate under section 87a. If the super senior citizen is filing itr in 2023 (i.e.
An income tax slab is a system used in india to apply income tax to individuals. Budget feb 1, 2023 (income tax slab updates) 1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh.
The Highest Surcharge Rate Of 37% Reduced To 25% In The New Regime.
An income tax slab is a system used in india to apply income tax to individuals.
The Basic Exemption Limit For Individuals Above The Age Of 60 Years And Below 80 Years Under The Old Tax Regime Is Rs.3,00,000.
A standard deduction of up to rs 10,000.
Budget 2023 Also Proposed Some Changes In The Income Tax Slabs.
Images References :
Budget Feb 1, 2023 (Income Tax Slab Updates) 1) Income Tax Exemption Limit Increased From Rs 2.5 Lakh To Rs 3 Lakh.
Apart from a different senior citizen tax slab, a deduction on interest income is also available to people over the age of 60.
Section 194P Of The Income Tax Act, 1961 Provides.
2) tax rebate under section 87a.