Tax Slab 2024-24 For Senior Citizen. Following are the steps to use the tax calculator: For senior citizens (above 60 years but below 80 years) and super senior citizens (80 years of age and above), the basic tax exemption limit is rs 3 lakh and rs 5.
*indicates the higher exemption than individual citizens. Income tax slab rates fy.
Resident Senior Citizens Aged 60 To 80 Years;
This article focuses on the tax slab rates, surcharges, and exemptions for individual taxpayers, senior citizens, super senior citizens, the association of persons.
If A Senior Citizen Or Super Senior Citizen Opts For The Old, Existing Tax Regime In A Financial Year, Then Income That Is Exempt Will Be Up To Rs 3 Lakh And Rs 5 Lakh, Respectively.
*indicates the higher exemption than individual citizens.
For Senior Citizens (Above 60 Years But Below 80 Years) And Super Senior Citizens (80 Years Of Age And Above), The Basic Tax Exemption Limit Is Rs 3 Lakh And Rs 5.
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Following Are The Steps To Use The Tax Calculator:
For individuals below 60 years of age, the basic exemption limit remains at rs 2.5 lakh under the old tax regime.
Income Tax Slab Rates For Super.
As per the new tax regime there is no differentiation in tax rates.