Senior Citizen Slab Rate Ay 2024-25. Income more than 12 lakhs up to 15 lakhs. Income tax rates for fy.
The new tax slab would be the default tax slab. For this year, the financial year will be.
2% Then 5% After 1Cr On Slab Basis:
The finance minister made changes in the income tax slabs under the new tax regime.
However, The Senior Citizen Receives Higher Exemption Limit Compared To Individuals Who Are Below 60 Years Old.
20% of total income minus rs.
The Highest Surcharge Rate Under The New Tax Regime Was Reduced.
Images References :
Resident Senior Citizen (Who Is 60 Years Or More But Less Than 80 Years At Any Time During The Previous Year) Net Income Range:
Income tax exemption limit is up to rs 5 lakh for super senior citizen aged above 80 years.
20% Of Total Income Minus Rs.
In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).
Currently, The Income Tax Basic.