Tax Rates For Ay 2024-25 For Senior Citizens

Tax Rates For Ay 2024-25 For Senior Citizens. Understanding the income tax slab rates and available deductions can significantly affect tax planning and overall financial health. New tax regime made more attractive for small taxpayers with revised tax slabs, higher standard deduction | no.

For senior citizens, aged between 60 and 80 years of age, income up to rs 3. For individual below 60 years of age, income up to rs 2.5 lakh is exempted from tax.