Income Tax Slab For Ay 2024-24 Senior Citizens. Surcharge rate from april 1, 2023 under new tax regime. The new tax regime has the same tax rates for all categories of individuals, with no increased basic exemption limit benefit available for senior and super senior.
Income tax slabs for senior citizens under old tax regime; Up to โน 5,00,000 nil:
However, For Senior Citizens (Above 60 Years But Below 80 Years) And Super Senior Citizens (Above 80 Years Of Age) The Basic Tax Exemption Limit Is Rs 3 Lakh And Rs 5 Lakh, Respectively, In The Old Tax.
2) tax rebate under section 87a increased from rs 5 lakh to rs 7 lakh.
New Tax Regime U/S 115Bac;
1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh.
Income Tax Slab Income Tax Rate Income Tax Slab Income Tax Rate;
Images References :
Check Out Our Guide On Senior Citizen Tax Slab At.
Explore the changes between the new vs old tax regimes, budget implications, and specific details.
Income Tax Slab Income Tax Rate Income Tax Slab Income Tax Rate;
Income tax slabs for individuals.
