Super Senior Citizen Tax Slab Ay 2024-24. Income that is exempt from tax for senior citizens in a financial year depends on the tax regime chosen. Income tax slab rates for individuals and hufs below 60 years:
Check what tax slabs and rates will apply for itr filing by super senior citizens. However, for senior citizens (above 60 years but below 80 years) and super senior citizens (above 80 years of age) the basic tax exemption limit is rs 3 lakh and rs 5 lakh,.
As Per The Income Tax Act, Of 1961 , Taxpayers Above 80 Years Of Age Are Considered Super Senior Citizens.
Resident super senior citizens aged over 80 years;
The Changes Announced In The Income Tax Slabs Under The New Tax.
Slab rates change annually in the budget and vary for different categories of taxpayers, including individuals under 60, resident senior citizens aged 60 to 80, and resident.
Check Out Our Guide On Senior Citizen Tax Slab At 5Paisa.
Images References :
As Per The Income Tax Act, Of 1961 , Taxpayers Above 80 Years Of Age Are Considered Super Senior Citizens.
The changes announced in the income tax slabs under the new tax.
Once The Specified Bank, As Mentioned Above, Deducts Tax For Senior Citizens Above 75 Years Of Age, There Will Be No Requirement To Furnish Income Tax Returns By Senior.
All your tds must have been deducted based on the old tax slab rate.