Tax slabs

-

 Tax rates for Individual (resident or non-resident) 80 years of age or more anytime during the previous year are as under:

Old Tax RegimeNew Tax Regime u/s 115BAC
Income Tax SlabIncome Tax RateIncome Tax SlabIncome Tax Rate
Up to ₹ 5,00,000  NilUp to ₹ 3,00,000Nil
₹ 5,00,001 - ₹ 10,00,00020% above ₹ 5,00,000₹ 3,00,001 - ₹
6,00,000		5% above ₹ 3,00,000
Above ₹ 10,00,000 ₹ 1,00,000 + 30% above ₹ 10,00,000₹ 6,00,001 - ₹
9,00,000₹		₹ 15,000 + 10% above ₹
6,00,000
  ₹ 9,00,001 - ₹
12,00,000		₹ 45,000 + 15% above ₹
9,00,000
  ₹ 12,00,001 - ₹
15,00,000		₹ 90,000 + 20% above ₹
12,00,000

Comments

Post a Comment

Popular posts from this blog

Grant of notional increment on 1st July I 1st January to the employees who retired from Central Govt, service on 30th June / 31st December respectively for the purpose of calculating their pensionary benefits - regarding.

-
Image
  Grant of notional increment on 1st July/1st January to the employees who retired from Central Govt. service on 30th June / 31st December respectively for the purpose of calculating their pensionary benefits – Implementation Order by DoP&T O.M. dated 14.10.2024 No.19/116/2024-Pers.Pol.(Pay)(Pt) Government of India Ministry of Personnel, Public Grievances & Pensions Department of Personnel & Training North Block, New Delhi Dated the 14th October, 2024. OFFICE MEMORANDUM Subject: Grant of notional increment on 1st July/1st January to the employees who retired from Central Govt.service on 30th June / 31st December respectively for the purpose of calculating their pensionary benefits – regarding. The undersigned is directed to say that in terms of Rule 10 of the Central Civil Services (Revise Pay) Rules, 2006, notified by D/o Expenditure vide Notification No.G.S.R.622 (E) dated 29.08.2008, date of annual increment was made uniform viz. 1st July of every year with effe...
Read more