Senior Citizen Tax Slab For Fy 2024-24. The finance minister made changes in the income tax slabs under the new tax regime. Section 194p of the income tax act, 1961 provides conditions.
Tax slabs for senior citizens (60 to <80 years) โน0. 2) tax rebate under section 87a increased.
Resident Super Senior Citizen (Who Is 80 Years Or More At Any Time During The Previous Year) Net Income Range:
Income tax slabs (rs) income tax rate (%).
If The Super Senior Citizen Is Filing Itr In 2023 (I.e.
2) tax rebate under section 87a increased.
If You Are Looking For Fy 2023.
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Here Are The Income Tax Slabs Under New Tax Regime.
Individual taxpayers (below 60 years) earning an annual income of up to inr 2.5 lakh are exempt from paying taxes under the old tax.
These Income Slabs Keep Changing As Per The Budget From Year To Year.
Budget feb 1, 2023 (income tax slab updates) 1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh.