Tax Slabs For Ay 2024-25 For Senior Citizen. Check out the latest income tax slab for salaried, individuals and senior citizens by the it department. The income tax exemption limit is up to โน3 lakh for senior citizens aged 60 to less than 80 years.
Income tax department > tax tools > tax calculator. Surcharge and cess are applicable as per rules.
Also, Know Benefits, Calculation, Tax Filing And Excemptions.
Income tax calculator is a useful tool to determine tax liability with respect to income tax slabs and deductions available.
The Finance Act, 2020 Inserted A New Section 115Bac Which Provides For An Alternative Tax Regime For Individuals And Huf.
What is the senior citizen savings scheme (scss)?
Tax Slabs For Ay 2024-25 For Senior Citizen Images References :
This Article Summarizes Income Tax Rates, Surcharge, Health &Amp; Education Cess, Special Rates, And Rebate/Relief Applicable To Various Categories Of Persons Viz.
The basic exemption limit for senior citizens (individuals aged 60 years or above) is currently rs.
This Guide Details The Income.
The highest slab rate of 30% applies on income exceeding rs.