Tax Slab 2024-24 For Senior Citizen

Tax Slab 2024-24 For Senior Citizen. Inr 500,001 to inr 10,00,000. Following are the steps to use the tax calculator:


Tax Slab 2024-24 For Senior Citizen

As per the new tax regime there is no differentiation in tax rates among different categories of individuals. A standard deduction of up to rs 10,000.

Discover The Latest Tax Slabs.

A super senior citizen is an individual resident who is 80 years or above, at any time during the previous year.

Income Tax Slab For Senior Citizens.

Inr 500,001 to inr 10,00,000.

20% Of The Income Exceeding Inr 500,000 + 30% Of The Income Exceeding Inr 10,00,000.

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This System Assigns Different Tax Rates To Different Income Ranges, Meaning.

Apart from a different senior citizen tax slab, a deduction on interest income is also available to people over the age of 60.

Resident Super Senior Citizen (Who Is 80 Years Or More At Any Time During The Previous Year) Net Income Range:

Inr 500,001 to inr 10,00,000.

If The Super Senior Citizen Is Filing Itr In 2023 (I.e.