Tax Slabs For Senior Citizens Ay 2024-24. Income tax slabs for individuals. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).
Income tax slabs for individuals. Income tax budget 2024 live updates:
For This Year, The Financial Year Will Be.
Income tax rates for fy.
Resident Senior Citizen (Who Is 60 Years Or More But Less Than 80 Years At Any Time During The Previous Year) Net Income Range:
The income tax slabs in new tax regime will remain unchanged for fy 2024.
According To The Income Tax Act Of 1961, Taxpayers Between The Ages Of 60.
Images References :
The Tax Slabs And Rates Are The Same For All Individuals And Hufs Under The New Regime.
The finance minister made changes in the income tax slabs under the new tax regime.
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.
( a ) surcharge :
Section 194P Of The Income Tax Act, 1961 Provides Conditions For Exempting Senior Citizens From Filing Income Tax Returns Aged 75 Years.