Income Tax Slab For Senior Citizen Ay 2024-25. Super senior citizens (80 years and above) earning an annual income up to inr 5 lakh are exempted from paying tax. But, currently tax on income is payable only if the net taxable income for a fiscal exceeds rs.
Income from ₹2.5 lakh to ₹5 lakh: Tax liability in india differs based on the age groups.
Income Up To ₹2.5 Lakh:
Rebate under section 87a increased to taxable income of rs 7 lakh (tax rebate of 25,000) from 5 lakh (tax rebate of rs 12,500) income tax slabs under old tax regime.
The Budget For 2023 Came With A Lot Of Surprises For The Taxpayers.
Income from ₹2.5 lakh to ₹5 lakh:
Click Here To View Relevant Act &Amp; Rule.
Images References :
Income Up To ₹2.5 Lakh:
The budget for 2023 came with a lot of surprises for the taxpayers.
Income From ₹5 Lakh To.
5% (tax rebate u/s 87a)
This Service Also Provides A Calculation Of Tax Under The Old Or New Tax Regime With A Comparison Of Tax As Per The Old And New Regime.