Income Tax Slab For Senior Citizen 2024-24. 20% of total income minus rs. 37% of income tax if total income exceeds rs.5 crore.
The finance minister made changes in the income tax slabs under the new tax regime. 37% of income tax if total income exceeds rs.5 crore.
The Tax Slabs And Rates Are The Same For All Individuals And Hufs Under The New Regime.
(30% of annual income minus rs.
Section 194P Of The Income Tax Act, 1961 Provides Conditions For Exempting Senior Citizens From Filing Income Tax Returns Aged 75 Years.
Explore the changes between the new vs old tax regimes, budget implications, and specific details.
More Than Rs 5,00,000 But Less Than Rs 10,00,000.
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A Super Senior Citizen Is An Individual Resident Who Is 80 Years Or Above, At Any Time During The Previous Year.
37% of income tax if total income exceeds rs.5 crore.
(30% Of Annual Income Minus Rs.
20% of total income minus rs.