Standard Tax Deduction 2024 For Seniors In India

Standard Tax Deduction 2024 For Seniors In India

Standard Tax Deduction 2024 For Seniors In India. Find out the age criteria, conditions, exemptions and declarations for tds deduction and tax filing. The basic exemption limit for.


Standard Tax Deduction 2024 For Seniors In India

Section 80ttb of the income tax act (the act) allows senior citizens to claim a savings deduction of up to rs 50,000 per year on interest. Currently, individuals aged 60 years or above are subjected to the same tax slabs as younger taxpayers.

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