Old Tax Slab 2024-24. The income tax slabs applicable to an individual under the old tax regime depends on his/her age and residential status Also remember that for resident individuals who are senior citizens that are above the age of 60, the basic exemption limit is rs 3 lakh and for super senior citizens of age 80 years and above this basic exemption limit is rs 5 lakh.
As the new financial year commenced on april 1, salaried individuals need to choose between the new and old tax regimes. 2024 24 views 0 comment print.
Use For Tax Computation, It Or Investment Declaration With Your.
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A rebate under section 87a is available under the old tax regime if taxable income does not exceed rs 5 lakh.
Also, No Changes Have Been Announced In The Deductions And Exemptions That Are Available Under The Old Tax Regime.
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Also, No Changes Have Been Announced In The Deductions And Exemptions That Are Available Under The Old Tax Regime.
*indicates the higher exemption than individual citizens.
A Rebate Under Section 87A Is Available Under The Old Tax Regime If Taxable Income Does Not Exceed Rs 5 Lakh.
Under the old tax regime slab rates are differentiated based on the age group of the taxpayers.