In order to calculate the income tax for a senior citizen, all the income is taken into consideration along with the allowable deductions and the income tax slab for FY 2024-25. Once you have all the ...
7% of Income tax where total income is more than ₹1 crore 12% of Income tax where total income is more than ₹10 crores ...
The revisions include new income tax slabs for the fiscal year 2024-25. The standard deduction, which reduces the taxable income, has been increased from Rs. 50,000 to Rs. 75,000. Additionally, the ...
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