Dear All,
What would be the tax if the net taxable income of resident senior citizen age 63 is Rs 1536400 as per the new tax regime?
What exemption limit is to be followed either 2.5 lacs or 3 lacs.?
Please provide me the perfect solution.
Thank you.
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Senior citizen tax calculation as per new regime fo AY 21-22
Replies (3)
Exemption will be 3 lakhs rupees.
Basic exemption limit in the above scenario is 3 lakh .
2.5 lakhs only in New tax regime also..
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