Tax Slabs For Ay 2024-25 For Senior Citizen

Tax Slabs For Ay 2024-25 For Senior Citizen. The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%. Income tax department > tax tools > tax calculator.

1 benefits for income tax slab for senior citizens above 60 years. For instance, under scenario 3, where the gross salary is rs 20,00,000, the total tax payable under the current new tax regime amounts to rs 2,96,400, whereas under the proposed new tax regime, the tax payable is reduced to rs 2,78,200, said surabhi marwah, tax partner at ey india.

What Is The Senior Citizen Savings Scheme (Scss)?

Consider eligible deductions and exemptions available to senior citizens.

Also, Know Benefits, Calculation, Tax Filing And Excemptions.

For instance, under scenario 3, where the gross salary is rs 20,00,000, the total tax payable under the current new tax regime amounts to rs 2,96,400, whereas under the proposed new tax regime, the tax payable is reduced to rs 2,78,200, said surabhi marwah, tax partner at ey india.

Tax Slabs For Ay 2024-25 For Senior Citizen Images References :

Check Out Our Guide On Senior Citizen Tax Slab At 5Paisa.

1 benefits for income tax slab for senior citizens above 60 years.

Consider Eligible Deductions And Exemptions Available To Senior Citizens.

New slabs new tax regime.

2024