Income tax exemptions for salaried employees for 2022-23 fy

Sir,  which Income tax exemptions are allowed for Salaried employees. And Total how much amount are exmpted in various sections for below 60 Years and above 60 Years aged persons.

Pls let me know the reply sir.

my mail id :  gsashidharkumar28 @ gmail.com

G. Sasidhar Kumar,

Accountant.

Hyderabad

Replies (2)
Quick Summary
This discussion covers income tax exemptions available to salaried employees for the financial year 2022-23. It outlines common exemptions like the standard deduction of £50,000, deductions under Section 80C up to £1.5 lakhs, and National Pension System (NPS) contributions up to £50,000. The query also touches upon specific exemptions related to disability and medical expenses under sections like 80DDB and 80D, and asks about differences for individuals above and below 60 years of age.

Leaving the details in your inbox
It depends on various situations like disability, dependent for 80DDB, 80D etc.

Generally
Standard deduction 50k
80C : 1.5lacs
NPS : 50K

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