Tax Slabs For Senior Citizens Ay 2024-24. Check out our guide on senior citizen tax slab at. Income tax slabs for individuals under old tax.
Super senior citizens (aged 80 years and above) will have a higher basic exemption limit of rs 5 lakh in the old tax regime as compared to rs. Check out our guide on senior citizen tax slab at.
The New Tax Rates Under The New Tax Regime.
Individuals and hufs can opt for the old tax regime or the new tax regime with lower rate of taxation (u/s 115 bac of the income tax act) the.
*Indicates The Higher Exemption Than Individual Citizens.
For senior citizens and super senior citizens, the basic exemption limit is rs 3 lakh and rs 5 lakh, respectively.
Surcharge Rate From April 1, 2023 Under New Tax Regime.
Images References :
*Indicates The Higher Exemption Than Individual Citizens.
Let's understand income tax calculation under the current tax slabs and new tax slabs (optional) by way of an example.
The Tax Calculated As Per The Above Income Tax Slab Rates Will Be Increased By A Health And Education Cess On Income Tax Of 4%.
Check out our guide on senior citizen tax slab at.
Income Tax Slabs In India Are Announced By The Finance Minister Every Year.
